General Comments Markets were higher in the Thursday evening session following the late buying on Thursday. Soybeans led the comeback on news that Argentina's Ag Ministry had reduced its forecast for Argentina's soybean crop down to 44 MMT. That compares to USDA's March estimate of 46.5 MMT. The dollar was also sharply lower today, and crude oil was recovering with a sharp move higher on talk that Iran's crude oil exports were much lower than expected.Weather also played a small role in today's stronger markets. Western Europe's outlook remains mostly dry, and weather in Russia and Ukraine looks very cold with some snow, so no early planting season there.World financial markets were mixed overnight and U.S. financial markets started lowe...
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.