GOOD MORNING, The main feature in the night session was that of surging soyoil, supported by continuing higher prices in neighboring vegoils like palm and canola. Soyoil continues to see strength due to surging world vegoil values, tight global supply, and chatter that the US may use soyoil for clean air for jet fuel. US crush may decline which would lower soyoil supply. Palm oil prices in China gained after the strong close for soyoil on Monday's trade. Traders expect the month of March to offer up a strong palm oil export pace. Oilshare jumps to new highs as canola prices see follow-through technical buying activity and bullish chart signals. Soyoil locked limit, and traded synthetically...
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.