SPREADS August crush trades to 87c/bu while oilshare trades to 47.0%. The July/Nov bean inverse falls to new lows of 1.12 1/2c from 1.15 1/4c as Day 4 of the Goldman roll continues. July/Dec meal widens out to an $8.40 carry from $7.20. July/Dec corn inverse trades to 81 1/4c from 87c, while Sep/Dec trades from 24c to 22c. July/Dec wheat trades from 14 3/4c carry to 15 3/4c. Dec wheat/corn trades from 88c to 77 1/4c. PALM OIL August down 26 ringgits. Palm continues to head lower on fears of increased supply vs. demand. NEWS The stock market is up 150 pts with crude oil at $70.41/barrel, and the US dollar at 90.28. US jobless claims fell to 376,000 last week, the Labor Dept...
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...
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.