GOOD MORNING, Prices are continuing to chop back and forth in trading range activity. Bulls want to see if this week's lows can hold. Wheat prices continue to place new lows as supplies are ample. Stats Canada yesterday was bearish for wheat, with overall production at the higher end of estimates. EU, Matif, Russian, and Australian wheat prices are lower. Corn is lower following wheat. However, South Korea has been an active buyer of corn this week on the break. US corn remains the best purchase globally. Ukraine had been a key competitor globally but cannot currently compete with US prices. In the soy complex, soyoil is higher on tight global vegoil supplies, and higher India a...
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.