CORN May 2021 ($/bu) $5.4900 WHEAT May 2021 ($/bu) $6.2725 HARD RED WINTER WHEAT May 2021 $5.7825 HARD RED SPRING WHEAT May 2021 $6.2600 SOYBEANS May 2021 ($/bu) $14.1750 SOYBEAN MEAL May 2021 ($/short ton) $396.60 SOYBEAN OIL May 2021 (cents/lb) 56.37 LIVE CATTLE June 2021 ($/cwt) $118.68 FEEDER CATTLE May 2021 ($/cwt) $145.10 LEAN HOGS June 2021 ($/cwt) $100.60 CRUDE OIL May 2021 ($/barrel) $61.56 RBOB GASOLINE May 2021 ($/gal) $1.9584 ETHANOL April 2021 ($/gal) $1.799 NEW YORK HARBOR ULSD May 2021 $1.8303 NATURAL GAS April 2021 ($/MMBtu) $2.582 DOW JONES 30 INDUSTRIALS 32,731 US DOLLAR INDEX June 2021 91.741 ...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.