General Comments Grain and soy prices closed weaker in another low volume day session following the trend established earlier in overnight trade. More liquidation selling by longs and technical weakness led the selling. Also, there is the assumption that no matter how bad the corn and soybean crops may be, the new harvest will soon bring on additional supplies to help fill demand. With 41 percent of the corn crop already rated as mature by last weekend and 10 percent already harvested (a record for the date), the corn harvest promises to proceed at a rapid, record pace, weather permitting.Corn exports are lagging and ethanol demand for corn appears to be easing slightly, so no matter how small the corn crop may be, newly harvested corn s...
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.