Maize is often called King Corn because of its dominance in planted production in the U.S. but the real king in terms of price has been vegetable oil. Prices are up 100 percent from just a year ago and are at nose-bleed territory. Ukrainian crude sunflower oil has particularly gotten out ahead of competing oils. Its price premium is currently 27 percent ahead of soyoil, 68 percent higher than palm oil and even 21 percent above sunoil next door in Russia. That contrasts with a year ago when Ukrainian sunoil was at a 9.2 percent premium to soyoil, an 11.5 percent premium to palm oil and just 3.7 percent more than Russian sunoil. One thing that is clear is that neither overall vegetable oil prices nor the premium in Ukrainian sunoil are susta...
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.