General Comments Markets were just slightly higher to start Sunday evening but gradually built on that early firmness and were strong by the time the sun rose in the U.S. Corn was the surprising leader after failing to participate in the wheat and soybean rallies late last week. The markets made a very noticeable surge higher when the open outcry session started at 9:30 AM, with corn moving 16 to 17 higher and soybeans trading as much as 30 to 31 higher. Most of the attention was focused on the first day of the Pro Farmer crop tour. The tweets were flowing like water as tour participants flocked to get their first visual inspections on the net. For the most part, the morning reports were worse than even some of the bulls expected to se...
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.