GOOD MORNING, As we move into the month of June, traders will continue to watch weather and demand. Prices regrouped last week after dropping to monthly lows, and the first day of June brings back higher prices and upside technical follow-through. China and the US had more trade talks last week as Beijing continues to attempt to cool off red hot commodity prices with a new plan and different rhetoric. Commodity prices are higher today as bullish fundamentals amidst tight supply keeps the upside going. The June 30 Stocks/Acreage report could put focus back on tightness once again for stocks. Funds look to be adding back on the large drop from last week. The June 10 WASDE is also around the corner,...
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.