THE OPEN Jan beans: 2 lower Dec soyoil: 31 lower Dec meal: .50 lower Dec corn: 1 3/4 lower Dec wheat: 3 3/4 lower The market opened as expected with further weakness coming out of the soy complex led by soyoil. Weaker wheat and correcting oilshare prices were major features of trade, though the volumes in general were so low that it was questionable if traders were trading or watching the Washington proceedings. Good conditions in South America are now weighing on beans with Cordonnier forecasting that advanced regions of Argentina corn planting was 92% to 95% complete, while northern and southern areas are behind at 30-60% complete. He rated conditions 46% good/excellent. Argen...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.