May 24 Corn closed at $4.4075/bushel, up $0.0175 from yesterday's close. May 24 Wheat closed at $5.4675/bushel, up $0.0175 from yesterday's close. May 24 Soybeans closed at $12.12/bushel, up $0.025 from yesterday's close. May 24 Soymeal closed at $344.3/short ton, up $1.8 from yesterday's close. May 24 Soyoil closed at 48.79 cents/lb down 0.21 cents from yesterday's close. Jun 24 Live Cattle closed at $184.5/cwt down $0.275 from yesterday's close. Apr 24 Feeder Cattle closed at $254.625/cwt down $0.3 from yesterday's close. Jun 24 Lean Hogs closed at $99.3/cwt down $1.325 from yesterday's close. May 24 WTI Crude Oil closed at $81.07/barrel down $0.2 from yesterday's close.  ...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
An amendment to the U.S. House farm bill, aiming to remove the Save Our Bacon Act language in Section 12006 that would have stripped language to prohibit California’s Proposition 12, Massachusetts’ Question 3, and up to 500 state agricultural laws across the country, was blocked by...
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.