USDA provided some interest for the soybean market when it announced that a total of 185,000 MT of soybeans were sold to unknown with 120,000 MT of that for 2014/15. General Comments We wish clients and friends a happy and safe holiday!For the last six years, the year-end holidays have been a potentially treacherous time for grain and soy traders. Market volatility was high to begin with and even small market orders could drive prices sharply and inexplicably up or down when the trading population and volume declined in typical holiday fashion.Today's market performance was much more in the mode of a traditional Christmas Eve, unmemorable with very light volume and very limited price movement. Corn and wheat futures prices moved in 3-6 ce...
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.