GOOD MORNING, Prices are lower across the board today as commodities and equities continues a risk-off trade. The steep trajectory of equities to the downside continues to impact commodity prices, spilling over into Ags as funds continue to add to short corn and bean positions. Soyoil longs are probably closer to even, while wheat bulls get knocked out of long positions as prices take out key support zones to trade down to lower levels. The International Grains Council (IGC) said global wheat production continues to rise, and the Australian weather bureau is optimistic that over the next 3 months many areas will get cooler temperatures and above normal rainfall. Seasonally, wheat has entered its bearish stage...
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.