General Comments The start of the new quarter brought buying to financial markets but not to commodity markets. Corn futures were firmer on, as one trader said, on the "fumes" of last Friday's bullish USDA quarterly stocks number. Soybeans and wheat, however, were under some heavy selling pressure throughout the Sunday night session, and that selling accelerated this morning. There was not a lot of fresh news. This will be another very big week of harvest across the U.S. with weather generally good and corn and soybean crops all dry enough to be harvested. Financial markets were strong today. Crude oil was about unchanged and the dollar was just steady to slightly lower. Soy Complex FUTURES The hangover from last Friday's bigger soy...
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.