Following USDA's January reports, the soybean market has tended to focus on the threat to South American soybean production posed by the drought and, of course, on the macro-economic questions raised by Europe's sovereign debt mess. The U.S. soybean supply and demand outlook and its potential market impact have been set aside at least temporarily. But sooner or later, the soy market must deal with the U.S. soybean supply and demand -- especially as we get closer to the time for producer planting intentions for 2012.When the market does refocus on the U.S. soybean supply and demand, it is likely to conclude that the picture is not a pretty one. Although 2011/12 U.S. total soybean supplies (production, carry in and imports) has fallen about...
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.