General Comments Grain and soy futures markets continued their up-one-day, down-the-next pattern, with wheat being the exception. Wheat prices hit a one-month high today with support coming from the decline in the good/excellent winter wheat crop condition ratings and the increase in the poor/very poor categories reported by USDA yesterday. The deterioration of the winter wheat ratings was due to HRW. Ratings for SRW states basically held their own compared to the previous ratings.Trade in corn and soybean futures was mixed, but profit-taking after yesterday's big rally pulled prices of both into negative territory by the close. There was also movement in the spreads in both markets. The May/July inverse narrowed, but the July/Novem...
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.