The traditional trading funds are still reportedly long just over 70,000 contracts of corn. If that length is liquidated on a really bearish USDA report tomorrow, it could send December futures quickly to new contract lows. General Comments It is USDA report day tomorrow, and there is just no getting around the fact that the 2014 production season across the U.S. Corn Belt and Northern Plains has been excellent. This means the private forecasts for increases in the corn, soybean and spring wheat yields will most likely become reality in tomorrow's USDA numbers. The only question seems to be whether USDA will go slowly with yield gains or show us very big numbers tomorrow. In either case, it will be hard to avoid bearish reports. The quest...
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.