General Comments Prior to today's October crop estimates and the WASDE, money managers who were actively paring down their long futures positions in the soy complex and grains seemed to be saying that they would rather have to replace their pre-report selling after a bullish report than be caught holding huge long positions by a bearish report. Although they may have been concerned when they saw the first flash showing a big jump in the soybean yield and production, it turns out that they need not have worried about a bearish report today.Actually, some might dispute the bullishness of the report. Certainly, the jump in the soybean yield and U.S. soybean production exceeded general expectations, although some analysts were looking for a...
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.