GOOD MORNING, It was a disappointing close for the bulls yesterday as prices closed defensively for most. Good weather and a lower export pace set the stage for the sell-off. The theme of the week is a general phase of market liquidation as oilshare gains traction to the upside (meal losing to soyoil), while grains continue to lose length. For the week, corn is down 13c, beans down 17c, and wheat down 6 1/2c. Wheat prices stabilized against corn on a very good export sales report, with IGC lowering 2018/19 global wheat production by 6 mmt. Though slow to react to all the news, wheat futures rallied and set the stage for further price recovery off this week's cycle lows. This morning, ...
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.