General Comments According to some accounts, over 40 percent of the U.S. crop-growing regions received moisture over this past weekend. The problem was that most of those areas received less than ¼" and many received just a trace. There are continuing chances for widespread rain showers or isolated thunderstorms through the next few days across much of the Corn Belt. The two-week temperature outlook is still below-to-much-below normal virtually across the entire northern half of the U.S.Weekly export inspections were again above expectations for wheat and corn and small for soybeans. Soy Complex FUTURES Soybeans were down as much as nine cents in the November contract overnight, but spent much of today trading slightly lower to slig...
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.