GOOD MORNING, Prices are mostly lower coming into today's session, though corn begins very close to its contract highs. The markets were mostly overbought coming into yesterday's session for all but wheat and the result was a reversal trade in beans and meal. Meal appears to be a bit toppy, but we have been down this road before. Technicals must match fundamentals, or they will not pan out. The reversal trade in beans must be confirmed with follow-through to the downside today, as its appearance was most likely to be there to rid the market of its overbought condition. The January report is around the corner and typically is a market move. Perhaps prices have to move lower enough in order to...
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.