GOOD MORNING, Prices continue in trading range territory today, congesting between recent highs and lows. Heading out the door today it appears that funds will maintain a long bean/short corn position (funds sold 5K corn contracts yesterday), and long soyoil vs. meal. The new crop 2020 bean/corn ratio trades at 2.39%. Trade talk rhetoric cross - currents helps define the trading range highs and lows, as industry talk shifts between deal to no deal, and place to place as far as a signing event goes. WEATHER Cold and wet weather continues in the Midwest. The western Corn Belt has clearer skies, with harvest able to continue while the eastern Corn Belt begins to dry out from this week's storm. Harve...
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.