SPREADS Sep crush is lower trading down to 96c/bu, new lows for the move down after prices had stabilized at 1.00c/bu. Oilshare sits at 31.11%. Corn bull-spreads are firmer today with Sep/Dec trading to new highs at 3 1/2c vs. 4 1/2c. Dec/Dec corn meanders from 19 3/4c to 21 3/4c. Strong cash values support the nearby corn spread. August/Nov beans firm to 18c from 18 1/2c while Sep/Dec meal trades from $4.90 out to $5.20. PALM OIL - August 2 ringgits higher NEWS The Dow was trading 104 pts higher at the beginning of the day as further interest rate cuts are expected to take place. Buy energies/sell the US dollar continues, as a storm in the Gulf of Mexico is positive for crude (platf...
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
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.