General Comments Markets were weak overnight with soybeans showing the greatest weakness. Wheat was firm and eventually traded sharply higher. Corn traded mixed much of the session and closed nearly unchanged. It was another volatile session -- especially in the soy complex, where prices traded sharply lower last night, rallied to 5-6 cents higher after a friendly Informa soybean production estimate, but faltered late and closed 14 cents lower. Volume was light to moderate in corn and soybeans and heavier in wheat.Southern Hemisphere weather is affecting the wheat markets as too little rain across Australia has analysts trimming back their wheat production estimates. Too much rain across Argentina is starting to have an adverse impact on...
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.