GOOD MORNING, Trade continues to pullback and define trading ranges off the overall lows. Funds added to corn and meal shorts yesterday and bean/soyoil longs. Bulls have yet to lose the fight, but bears are hanging tough causing prices to maintain a sideways trade off recent highs. Demand, strong chart price direction, and slightly drier weather keep beans supported, as will defensive fund longs. Soyoil futures continue to march to new highs, albeit slowly. Good producer selling has been noted on this bean and corn rally. Bean basis bids were slightly lower at the same time export basis is firming. Advertised stories have it that Iowa's Dept. of Agriculture narrowed down corn acr...
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.