GOOD MORNING, Price action remains dominated by weather forecasts and demand. Weather forecasts appear to moderate and offer potential rainfall in what has been a dry spell. US beans are the most competitive now till December. Producers have taken advantage of bean prices as they hit 5-month highs, with some basis bids lowered in various locations. Current weather calls for a better chance of showers, which is throwing a bit of a pause into the soy complex uptrends. The major trend in oilshare remains higher on rising demand, a slowdown in production, and tightening stocks. Cash and futures continue firm, with soyoil helping beans to stabilize. While the markets are on good rallies, the missi...
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.