Not many were expecting today's USDA WASDE updates to show significant changes, and that is exactly what we got. In general, pre-report expectations were looking for small reductions in corn and soybean ending supplies with wheat stocks unchanged to slightly higher. The corn and soybean numbers did not change, but wheat ending supplies were reduced slightly. Here is a quick summary: Corn USDA left the U.S. corn outlook for the current marketing year unchanged from the February report. There was some chatter about a possible increase in the export forecast, but that didn't happen. There is plenty of time for USDA to watch the export market. There just isn't enough evidence today to warrant a change. The weekly ethanol production numbers...
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.