GOOD MORNING, The overnight price action featured another session of strong oilshare and soyoil price action. Soyoil helped beans to find a bid, even as there is speculation that China purchased more bean cargoes on the break as PNW values are firmer. There are also rumors that China is around the corn market, though prices in China were at the lowest level since December on record imports. Stay tuned. Corn: Prices are on the defensive with ideas that new corn shorts are in the market in anticipation of extremely large corn acres for the June 30 Acreage / Stocks report. Average ideas for corn acres center around 93.5 mln. Better rains are helping corn development in the Midwest. Funds...
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.