General Comments After Superstorm Sandy crimped both trading volume and risk tolerance yesterday, grain and soy markets returned to the real world today. Some East Coast traders were still out of commission today with trading desks at some banks and funds still closed. Although today's trading volume was an improvement over yesterday, it still was rather light. Some funds returned as buyers today, but they did not replace all of what they sold yesterday.Grains and the soy complex turned positive again overnight after yesterday's big sell-off. That continued as the day session opened, and at one point soybean futures were 20 cents higher pulled by soymeal, which was the complex leader. December soybean meal was up $10 at its high early in...
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.