WPI offers the following analysis as a continuation of last week’s work examining mispricing opportunities in agricultural futures. Readers may recall that this work seeks to identify for the major agricultural commodities where along the forward curve current futures have the greatest er...
USDA’s monthly Cattle on Feed report will be released tomorrow, along with the biannual July Cattle Inventory report for the first time in two years after it was suspended in 2024. For the Cattle on Feed report, analysts’ pre-report consensus estimates are for the total inventory on...
The CBOT tried to rally early on Wednesday after traders had the opportunity to react to the U.S.-Japan trade deal, but a lack of details left markets wondering about the true impact on U.S. balance sheets. That meant corn, soybeans, and wheat all settled lower for the day, with favorable Midwe...
15 Percent and Certainty The U.S. trade agreement with Japan announced late yesterday was likely Prime Minister Shigeru Ishiba’s final act. Financial markets reacted positively since the deal at least brings certainty. The surprise concession to 15 percent tariffs now sets a baseline that...
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.