Jul 26 Corn closed at $4.245/bushel, down $0.07 from yesterday's close. Jul 26 Wheat closed at $5.8175/bushel, down $0.055 from yesterday's close. Jul 26 Soybeans closed at $11.295/bushel, down $0.245 from yesterday's close. Jul 26 Soymeal closed at $313.7/short ton, down $7.1 from yesterday's close. Jul 26 Soyoil closed at 76.29 cents/lb down 2.42 cents from yesterday's close. Aug 26 Live Cattle closed at $241.525/cwt up $3.675 from yesterday's close. Aug 26 Feeder Cattle closed at $353.375/cwt up $10.75 from yesterday's close. Jul 26 Lean Hogs closed at $101.6/cwt down $0.4 from yesterday's close. Jul 26 WTI Crude Oil closed at $93.04/barrel down $2.98 from yesterday's close. ...
What You Need to Know Today: A case of New World Screwworm was detected in Texas, the first in the U.S. since 1966. With cases creeping closer to the U.S. border, it was only a matter of time. APHIS confirmed that larvae were detected in the umbilical area of a 3-week-old calf in Zavala County...
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...
Key Takeaways: The situation in the Persian Gulf is unchanged with any ceasefire still subject to interruptions from both U.S. and Iranian attacks. The Strait of Hormuz remains effectively closed, though somme vessels are still sneaking out after turning off their AIS. The U.S. fired a H...
The USDA’s Animal and Plant Health Inspection Service (APHIS) has confirmed a case of New World Screwworm (NWS) in Texas. This comes two days after a USDA press conference on New World Screwworm (NWS) where Secretary Rollins noted that a new press conference would be held every two...
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.