General Comments In typical "Turnaround Tuesday" fashion grain and soy prices weakened in overnight trade with yesterday's rally attracting some early profit taking. Later the overnight markets were dominated by bearish macro signals — a stronger dollar, weak stock index futures and weakness in other commodities. All of this carried over into the day session. Several corporate earnings reports were disappointing which sent the stock market still lower. Selling hit most commodity markets as money fled from risk to the "safety" of the dollar. After being down well over $2.00 much of the session, crude oil finished the day down $1.98 at $86.67. The Dow dropped 268 points, which wiped out the rest of the autumn rally. The Dow closed at its...
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.