The soy complex, corn, Chicago wheat and MGE wheat all closed lower. Once again November soybeans, December corn and Chicago December wheat all set fresh contract lows today. The exception was KC HRW. General Comments The USDA/FAS weekly export sales report is delayed until Friday due to the Labor Day holiday.The European Central Bank (ECB) has a reputation for doing as little as possible in response to the eurozone's economic stagnation. Today, though, it lowered its interest rate from 0.15 percent to 0.05 percent or about as close to zero as it can get. The ECB also announced it would pump cash into the zone's economy by buying up bundles of asset-backed bank loans in a volume apparently yet to be determined. There is no question that...
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.