Somewhere in the White House and the USDA cage, people realized that USDA Secretary Tom Vilsack's invitation to speak to the American Coalition for Ethanol meant that Vilsack would be standing in front of a pro-ethanol crowd today, the day that USDA released perhaps the most watched WASDE in a decade. That was no mistake. In the food versus fuel debate, protecting ethanol is a priority.With USDA again slashing its corn and soybean production estimates, the severe drought has some expecting price hikes in food. Vilsack sought to mitigate this concern. "Americans shouldn't see immediate increases in food prices due to the drought," he said to the media today in Nebraska. During an interview with CNN last month, Vilsack also iterated that it...
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...
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.