GOOD MORNING, Prices are mixed today as trading ranges continue. Currency markets remain a feature as a two year high US dollar squares off against a new record low in the Brazilian Real. The spread between these two currencies continues to widen, and is price negative for beans. Rumors of business continue to circulate for beans, corn, and wheat. Wed. the rumor mill had it that China was active in buying US sorghum. Bean basis is firm in the interior and in the export markets, with US farmer selling ideas well over the market. On the negative side, US beans are still more expensive than Brazil. South American bean production continues to grow, with record bean production at least in Brazil...
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.