The overnight session was a low volume affair with corn and the soy complex doing very little in either direction. Meanwhile, winter wheat markets gave back some of yesterday’s gains. There was little by way of fresh news overnight. Argentina and Brazil’s Rio Grande do Sul remain very dry. A few scattered showers are possible in northern areas this coming weekend and a few more 11-14 days from now, but a drought-breaking rain event is not evident in any of the weather models. After 20-25 March, most Argentine soybeans and corn will be mature or too close to it for rain to be of much help. That other drought in the southern U.S. Plains remains unchecked with no relief in sight. Most HRW has emerged by now, and a soaking rain in t...
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.