GOOD MORNING, Prices continue to slip into trading ranges in front of the April 9 WASDE report. Sharply lower soyoil futures were the key to soy complex weakness yesterday, with one wire talking about a hedge fund selling out its soyoil length in front of Friday's report. Soyoil values are slightly firmer this morning for the May contract, with Egypt tendering. Beans are mixed, firmer in the PM session but a negative export sales number and new CONAB estimates creating more pressure heading into the close. Grains are firmer taking over leadership on the board to the upside led by wheat. Wheat found some strength via short-covering activity, with KC in the lead. There are also a few mor...
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.