With only one potentially significant crop production problem facing the U.S. earlier this spring, next week's Kansas crop tour might provide some interesting balance to the otherwise extremely bearish wheat market.Next week's Kansas wheat tour isn't typically worthy of a separate analysis, but we seem to be locked in a period when almost anything could be considered newsworthy because there is so little other news to discuss. Markets continued their negative ways this week as planters are working full speed across North America under generally good conditions. It is also early in the planting season, so that creates optimism that more total acres might get planted and that yield prospects will be very good. The situation is similar in othe...
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.