General Comments Overnight grain and soy futures activity basically involved traders stepping back and taking deep breaths after yesterday's big rally. Volume slackened and prices resisted being pushed either up or down. This lack of enthusiasm carried over to the day session as well. Trading volume was light, price ranges were relatively narrow, and closing price changes were modest.Wheat continued to be the upside leader based on worries about drought-plagued U.S. HRW, reduced production in Australia and too much rain in Argentina. However, the big jump in wheat futures prices came yesterday, and the best the wheat market could manage today were small gains of 2-4 cents. Nevertheless, today was the seventh day in a row in which wheat f...
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.