SPREADS Sep. crush trades down to 82.30c/bu while oilshare trades up to 32.80%. Nearby spreads remain firm. Jul/Dec corn narrows into 12 1/2c from 13c, while July/Sep trades from 4 3/4c to 5c. July/Dec meal narrows into $6.90 from $7.40. July/Nov beans firms into 4 3/4c from 5 3/4c. Sep wheat/corn trades from 1.58 1/4c to 1.56 1/2c. PALM OIL Ends flat on more expectations for a second wave of the virus. NEWS Stocks are 185 pts lower with the US dollar trading up to 97.38. Crude oil trades to $38.53/barrel. 1.5 mln laid-off workers sought jobless aid, an 11th straight weekly drop as the economy increasingly opens. CALLS Calls today are as follows: beans: 1 1/2-2 higher meal: ...
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.