Ag commodities trading was quiet today as the markets wait for USDA’s WASDE report tomorrow. Most CBOT products traded both sides of unchanged before closing lower, except for the soy complex which broke lower early in the day and failed to recover. There is growing sentiment wondering if soybean and product prices are overdone amid risk that USDA may not cut South American production as much as needed to justify the recent rally. Additionally, while USDA is unlikely to make major revisions to it’s planted acres forecast tomorrow, this analyst argues there is more risk of growing U.S. soybean acres than otherwise. Outside markets were hardly helpful for the commodity complex today, with Gary Cohn’s departure from th...
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.