Trading volume in all markets was extremely light today, which is not surprising as it was a holiday-shortened session. This is also Black Friday, and there is greater interest in shopping than trading. Wheat popped early on news that Egypt had purchased two cargoes of U.S. soft red winter wheat yesterday. The weekly export sales report, delayed until today because of Thanksgiving, was about as expected. USDA announced two sales this morning: 132,000 MT of corn to South Korea and 120,000 MT of soybeans to “unknown.” Today was the last trading day for options on the December futures contracts, and there was obviously no excitement in these settlements. U.S. equity markets were slightly lower to mixed throughout the morning, but...
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.