Today's grain and soy markets saw a tug of war develop between the strength of wheat and the weakness of soybeans with corn caught in the middle. General Comments Outside markets continue to trade listlessly with China's slowing economy and the Ukrainian situation dampening traders' enthusiasm. Equities were lightly traded, and stock indices finished mixed with the Dow down 11 points and the S&P 500 up fractionally. It was the third down day in a row for the Dow. The U.S. dollar index was lower, but gold and copper closed higher. Crude oil also dropped for the third day in a row, pressured by growing stocks of crude in the U.S. NYMEX April crude oil fell $2.04 to $97.99.The EU and the U.S. are threatening new sanctions against Russia...
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.