General Comments Markets were firm overnight on euro strength and dollar weakness coupled with the fact that rains across Argentina were not nearly as heavy or widespread as expected. Markets opened sharply higher this morning led by soybeans that posted 30-cent-plus gains in the first minutes of trade. The euro was strong on ideas a Greek debt deal could finally happen this week. That should at least reduce the flow of daily headlines about Europe's sovereign debt issues. Last Friday's very strong export sales numbers and this morning's good export inspections also supported prices.There is another round of scattered rain showers in the short term forecast for Argentina; the market will obviously be watching this system over the next...
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.