GOOD MORNING, Prices are mixed, with soyoil lower and more buy meal/sell soyoil spread trade. After the close yesterday, the EPA announced they would delay the release of biofuel mandate targets. The White House has delayed an annual process meant to decide how much ethanol and other biofuels US oil refiners need to blend into their fuel each year, as it seeks a solution for an issue that pits refinery workers against corn farmers. A bipartisan group of US senators introduced legislation Tuesday that would eliminate a national mandate requiring oil refiners to blend corn-based ethanol into their fuel mix, which would hurt corn growers and is likely to face opposition from the farm lobby. Grains are firmer with wheat pric...
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.