Wheat continues to confound market analysts who are searching for a reason for its strong rally. General Comments Markets started the night session lower after yesterday's late market break in corn and wheat and softening in the soy complex. They were steady to slightly higher by morning and started today's session firm in corn and wheat and slightly lower in soybeans, meal and oil. There wasn't much around in terms of news this morning, and nothing from USDA on any fresh export sales or sales cancellations. U.S. financial markets were slightly higher early in the day, but gradually turned lower on nervousness over what might happen over the weekend in Crimea. Crude oil was slightly higher, and the U.S. dollar index was slightly lower.Tod...
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.