General Comments Trading overnight provided mixed results with soybeans giving back Tuesday's gains while corn and wheat moved modestly higher -- just the opposite of the price action during the Tuesday day session. Volume was modest. Today's session also saw modest volume with literally every grain and soy complex futures contract, except for July corn, trading on both sides of yesterday's closes. However, by late in the day session a definite price trend had been established. July corn, July soybeans and all soymeal contracts were higher, but everything else posted losses. That is the way the market closed.It has become like a broken record, but once again July corn, July soybeans and July soybean meal split away from the rest of the m...
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.