Today's immediate trader response to the current Black Sea situation was that the short-term risk was now off, and some of Friday's long positions were liquidated. General Comments The markets' Sunday evening session started steady, but collapsed when Europe began its workday on news that Crimea's citizens had voted overwhelmingly to be part of Russia. At the same time, world financial markets rallied. This was an interesting market response. It assumes everything is now okay in the Black Sea region. The reality is that no one knows what Russia's next actions might be, if any. The immediate trader response was that the short-term risk was now off. As a result, those who went home long grains and oilseeds (and other commodities) on Friday,...
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.