Mar 24 Corn closed at $4.665/bushel, up $0.0125 from yesterday's close. Mar 24 Wheat closed at $6.135/bushel, up $0.1325 from yesterday's close. Mar 24 Soybeans closed at $12.675/bushel, down $0.095 from yesterday's close. Mar 24 Soymeal closed at $376.2/short ton, down $4.2 from yesterday's close. Mar 24 Soyoil closed at 48.16 cents/lb down 0.44 cents from yesterday's close. Feb 24 Live Cattle closed at $171.125/cwt down $0.725 from yesterday's close. Mar 24 Feeder Cattle closed at $225.65/cwt down $1.375 from yesterday's close. Feb 24 Lean Hogs closed at $69.05/cwt up $3.75 from yesterday's close. Feb 24 WTI Crude Oil closed at $72.32/barrel down $0.38 from yesterday's close. ...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
From WPI Consulting
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.