SPREADS August crush trades 85c/bu while oilshare trades lower to 43.31%. Bean spreads are firmer with July/Nov trading to 1.12 1/2c from 1.05c, but corn spreads are weaker. July/Dec corn trades from 1.02 1/2c inverse down to 95 3/4c, while Sep/Dec trades from 17c to new lows of 13 1/4c. Dec/March wheat trades from 6 1/2c to 7c carry. Dec wheat/corn trades from 1.07 1/2c down to 1.02c. PALM OIL Sep. palm closed down 34 ringgits ending at 3,370 ringgit/mt. NEWS Stocks are lower, down 59 pts, with crude oil trading to $72.29/barrel highs and the US dollar trading up to 91.84. The higher US dollar is negative for trade today and commodity prices in general. Conclusion of th...
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.
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...