General Comments Markets were mixed in the night session with soybeans trading as much as 13-15 cents lower at one point. The tenor of the markets changed early this morning when wheat started to rally on reports of smaller-than-expected on-farm grain stocks in Russia. That took wheat futures as much as 18-20 cents higher in Chicago and, in turn, pulled soybeans to 7-8 cents higher and corn 3-4 cents higher. Soybeans couldn't hold those gains and dropped to 7-8 cents lower. All of this happened before 9 a.m. this morning. Early trade was very active but volume was relatively light. There were no surprises in the weekly export sales report, with corn and wheat sales at or below the expected ranges and soybeans slightly higher than expecte...
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.