GOOD MORNING, Prices are mixed this morning, lower wheat and higher elsewhere. Outside markets are sharply higher with US stocks up over 600 pts, indicating we see a "risk-on" day of trade. Beans are higher as the market finds end-user buying after China suggested that they intend to increase the purchase of Ag goods. The purchase of beans by China could be in part for crushers, and in part for reserves, and estimates are that they may need as much as 23-28 mmt for the Sep. time period until Brazil's harvest takes place in 2021. It was reported in a story by Reuters that China's Ministry urged food companies to boost supplies on fears of further Covid-19 disruption. The article went on to say that both...
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.