General Comments Yesterday's strong rally in the grains and soy complex was extended again overnight, and it carried through into the morning session. Once again, U.S. and Paris wheat futures led the way. Trading volume in CME wheat futures was quite large yesterday with almost 146,000 contracts changing hands. Open interest increased about 6,000 contracts. Today's CME wheat volume may have exceeded that.For the past few weeks, the drought in Argentina and Southern Brazil and concerns about lost corn and soybean production dominated grain and soy markets. Now this week, it is the cold wave engulfing Russia, Ukraine, Poland and portions of France and Germany triggering fear of damage to winter sown wheat and barley that has moved the mark...
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.