It is a new year, according to the calendar, but it would appear that grain and soy futures markets have transited seamlessly from the last one. However, a combination of four principal factors will likely set the market’s tone for the next few months.It is a new year, according to the calendar, but it would appear that grain and soy futures markets have transited seamlessly from the last one. As of late this morning, the board and futures prices looked very much like they did when 2016’s trading stopped last Friday afternoon. Markets did not seem to know what they should trade on or do as they rang out the old year, and they do not appear to have any better sense of direction after trading began for the first time in 2017 on Monday evening...
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.