General Comments It was another relatively quiet trading session with light to moderate volume. Prices were steady to higher early in the evening session but turned lower this morning, led by weakness in the soy complex. Funds were buying some corn today and selling a few soybeans on the continuing poor corn planting outlook. The winter (or spring) storms continue to stack up on the West Coast. Another one will move across the central Corn Belt next week and has the potential to drop more significant rain on the already wet midsection of the country. The Mississippi River has seen levels go from dangerously low to dangerously high in a matter of weeks. Now barge movement will be halted because of high water.There was no export business r...
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.