GOOD MORNING, Prices are mostly higher today led by soyoil futures that are back to yesterday's fresh highs. Trading range activity continues, with the occasional new low in corn as harvest progresses. Trade negotiations look more promising than not, as China's state TV reported they will increase imports of agricultural, consumer, and component products as part of an effort to come to a trade deal. They also said they will improve policy on tax rebates, trade finance and insurance, and ease restrictions for capital account transactions. Bloomberg cites sources saying that China would be willing to purchase $20 bln over the course of a year in US Ag products if they sign a partial trade deal. The...
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.