Note: There will be no Technical Perspectives reports tomorrow, 24 December. GOOD MORNING, Prices are higher again this morning, reaching new contract highs for corn, beans, meal, and soyoil. Bull spreads remain firm. La Nina has a hold on southern Brazil and Argentina, and prices will remain on edge until the rains fall. Trading ranges notch higher, and before we know it, the all-important January WASDE and its final numbers will be here. USDA will most likely have to adjust their demand numbers on this one. If rains fall and the Argentine strike ends, prices will retreat. But it seems like there is a lot of work to do before then. The corn and bean basis remains firm, with cash corn featu...
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.