Grain and soy prices were mostly lower overnight, although not greatly so considering the general strength across the board yesterday. The day session was dominated by whichever way the China trade winds seemed to be blowing. There were optimistic tweets from President Trump that a deal with China could be reached. However, word that trade hawk Peter Navarro would attend the dinner between Trump and President Xi was viewed negatively and will probably be seen that way by the Chinese. The point is that there are enough conflicting “straws in the wind” floating around to make it impossible to draw firm conclusions in either direction. Markets will be closed as the two presidents sit down Friday evening. However, trading Sunday nig...
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.