General Comments Red was the color du jour for grain and soy markets today. This was after the overnight session saw wheat and soy prices trade higher and corn recover some of Monday's losses. Even the soybean market gave in to some profit taking, but not until it had scored the highest price since 13 September 2011 on the continuous chart. Wheat reversed after three days of gains on improving HRW conditions and forecasts of more beneficial precipitation for U.S. winter wheat. Eastern portions of the EU also received some rain although France remains dry.Clearly, the market is nervous about Friday's stocks and acreage reports from USDA. The principal fear is that the corn stocks and acreage numbers will be larger than expected and thus b...
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.