A rate hike resulting from this week’s Federal Reserve meeting is almost a foregone conclusion, but there is more to look for from the Fed’s actions.It will be a busy week for central banks with the U.S. Federal Reserve Bank meeting tomorrow through Wednesday and the Bank of Japan (BOJ) as well as Bank of England also holding meetings this week.The Bank of England is expected to let interest rates remain at 0.25 percent, the same level as the U.S. federal funds rate from 2008 to December 2015. Part of the reasoning behind this expectation is that the U.K. federal budget provided for only UK£3 billion in stimulus funds, an amount widely considered to be insufficient given the state of the economy. Indeed, the economy there is still reeling f...
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...
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.