Yesterday’s grain and soy futures markets sold off well below the highs reached earlier in the session and closed unenthusiastically with a weak tone. The late session softness seemed to give traders reason to pause, and price action overnight was considerably more muted. In fact, prices across the board showed mostly minor changes from Tuesday’s closes as trading recessed this morning. One notable exception came from a surprisingly active corn market. Trading volume for corn was well above the overnight average, and prices moved in a 3-cent range, which is also wider than usual in overnight corn trade these days. Despite all this, corn prices were roughly only a penny higher as trading paused. Overnight volumes for the soy comp...
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.