The CBOT was higher in moderate volume trading today with the soy complex finding fundamental support from a few sources and wheat managing to move higher on fund buying and rising world FOB offers. Corn was the most middling performer today, closing with mixed, fractional changes for the nearby contracts. The U.S. government remains closed, still stopping the flow of market information that is badly needed (or, at least, badly wanted). The market is focused on the upcoming U.S.-China trade talks in Washington next week but traders, having been whipsawed by these rumors so many times recently, are growing somewhat tired of the game (from what we’ve heard, at least). There is a blast of arctic air that will shock the Midwest tom...
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.