General Comments Grain and soy markets were a bit lower in overnight trade, mainly, it seemed, because there was an absence of news that might encourage higher prices. The lack of new input continued through the day session as well. The stronger dollar had a number of commodities on the defensive today; grains and soy were part of that group, with wheat being the downside leader. Crude oil was lower most of the day, down more than $2.00 at one point, but a late recovery allowed crude oil finish in the green -- barely. WTI crude gained 9 cents to close at $94.30 despite weak economic news. New data shows that Europe is still mired in recession for the sixth quarter in a row. However, European stock markets took this news as a sign that th...
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.