The corn, soybean and wheat markets were lower overnight with the latter two suffering the greatest losses in moderate volume. That pattern of weakness did not change in today’s session. There is a chance for some helpful rainfall across Argentina in the extended forecasts, although it will be very hot and dry for the next week. That rain possibility pressured soybeans. Another week of light export sales pushed wheat down. Meanwhile, corn was supported by more daily export sales announcements. The U.S. dollar was higher today, and crude oil weaker was weaker. U.S. equity markets were getting trounced despite another better-than-expected jobs report. Concerns about higher interest rates and inflation plus significant profit taking pu...
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.