SPREADS Sep crush trades at 95.55c/bu while oilshare firms further to 31.27%. Dec/March corn trades out to 7 1/2c from 6 3/4c while the Dec/Dec inverse trades from 27 3/4c down to 22 3/4c. Sep/Dec meal carry trades from $4.60 out to $5.00 with $4.70 close. August/Nov beans narrows into 17 3/4c from 18 1/2c. Sep wheat/corn trades from 72c down to 66 1/4c. Sep/Dec wheat trades from 11 3/4c out to 12 1/2c. PALM OIL - Malaysia has kept its August crude palm oil export duty at 1%. Cash RBD palm oil is down $5.00/mt at $492.50/mt. NEWS The stock market is lower with crude firmer at $59.98/barrel high, and the US dollar trading up to 97.33. Retail sales were higher in June with the Co...
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.