GOOD MORNING, Another Friday after a turbulent week of trade. Today, Ags are once again following the macro markets, where world stocks are lower with rumors that Chinese officials may be overstating the extent to which local businesses are returning to work. The Dow is off over 600 pts, with weaker crude oil pricing weighing on soyoil. Upcoming events include the 10 March WASDE and the extremely important 31 March Prospective Plantings report. The Supply and Demand report estimates look similar to Feb. numbers, with the average bean and wheat ending stocks guess a bit higher, corn a bit lower. Traders will be watching to see how high Brazilian production estimates will be, perhaps holding the key to a slight...
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.