General Comments Markets started the week very firm Sunday evening, with November soybeans again setting new all-time price highs. Corn and wheat were also strong in the early hours of trade Sunday, but those early highs were as good as it got. Prices gradually eroded throughout the night and all turned lower after the open outcry opened at 9:30 this morning. It seems that every time the soy complex sets new all-time highs, a round of profit-taking selling occurs, and that was the case again today. The Pro Farmer tour's corn and soybean production numbers were below the USDA August numbers, but the market saw that coming throughout the tour last week. There also have been all sorts of rumors about additional China soybean purchases, bu...
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.