General Comments Markets were quietly strong much of today, and funds were noted as light buyers. There was no special or fresh news today. Financial markets were firm and crude oil was slightly higher, as was the dollar. Russia's wheat export questions, coupled with dry weather in Australia and the U.S. Southern Plains, supported wheat.The annual Pro Farmer crop tour takes place next week, and it looks like a record number of participants are signed up. The market will be interested in what they find, but it seems like it's too late considering the early maturing crop and following USDA's bullish August production estimates.Soybeans and wheat rallied into the close, while corn struggled to stay unchanged. Soy Complex FUTURES Soybeans...
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.