General Comments Today was one of the quietest and more boring days for anyone watching the markets in a long time. Soybeans were weak all night and throughout today. Corn and wheat futures were steady to higher until late morning when they took a turn for the worse and traded 3-4 lower. There were no export sales announcements from USDA today. Financial markets were mixed following news that the U.S. third quarter GDP grew at a slightly better-than-expected 2 percent. Most of that growth was attributed to more government spending. The U.S. election is quickly approaching and that could be pushing some nervous money to the sidelines. Talk of 2013 fund rebalancing that would reduce length in soybeans and corn and increase length in wheat...
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.