GOOD MORNING, Prices continue to setback into trading ranges. Funds were sellers of 10K corn contracts yesterday as harvest rolls in and cash weakens. Corn closed on its lows yesterday and left a small PM session gap-lower trade. Funds continue long beans, looking for larger breaks to own. Soyoil futures continue to trade solidly after breaking out again to the upside in yesterday's session, and performing well despite a more bearish than expected NOPA Sep number. WEATHER In the west, conditions will be wet with some scatted to moderately heavy precip likely, and slowing harvest. Temperatures are below normal Wed, near to above normal Thurs.-Sunday. In the east the weather remai...
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.