General Comments Yesterday's tepid attempt at price recovery quickly got buried by persistent selling by funds. Some of the selling was in response to technical weakness as both November soybeans and December corn prices blew through support levels. Some of the selling may have been the result of a reallocation of money for a new month. Some of the selling may have simply been a reflection of the continuation of non-threatening weather. For whatever reasons, funds were a major factor in today's price weakness that nearly spanned the board.Today's selling was at odds with some impressive volumes contained in last week's export sales report. Corn and soybean export sales for 2013/14 both came in over 1 MMT. Wheat sales were just short of...
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.