One of the greatest examples of conceit we know of comes from anyone who claims to know what grain and soy market prices will do in the next three, six or nine months. Yet, such claims are rather common coming from a wide variety of traders and market analysts. (Full disclosure: We have been guilty of making similar claims ourselves earlier in our career.) However, the experience of being wrong often enough has discouraged us from making such claims as we have grown older. Supposedly, with age comes wisdom, although we view this as mere rationalization for growing older, as if there were a choice.Obviously, anyone trading in grain and soy markets has an opinion about price movements in the near term and frequently the long term. Opinions...
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.