While traders had become accustomed to a world wheat market dominated by other origins, the U.S. wheat crop in 2017 has drawn more market attention than during the past several years, perhaps even more than those years combined.The U.S. wheat crop in 2017 has drawn more market attention than during the past several years, perhaps even more than those years combined. Traders had become accustomed to a world wheat market dominated by other origins as the U.S. share steadily declined. World wheat prices were basically set by Black Sea and/or EU wheat values that were well below U.S. prices. U.S. wheat futures markets, which were once important price discovery tools for world wheat values and proxies for world wheat trade, had become increasing...
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.