GOOD MORNING, It'a a long weekend with markets closed for the Martin Luther King Holiday on Monday, January 20. Grains are firmer this morning while the soy complex is mixed. Wheat continues to see support from rising world values, and funds continue buying on a strong technical uptrend. Wheat bulls are sticking around for more, having survived the sell-off elsewhere on the board yesterday. Conversely, oilshare and soyoil prices continue to see downward price action as soyoil bulls exit. Fund selling was noted across the board yesterday due to ideas that a Chinese buying spree could be a second half of the season deal, while new bean supplies for Brazil will be read in a few weeks time. Beans/soyoi...
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.