Soybeans set new contract lows today by a wide margin, dropping to $9.34. Wheat stabilized on news that Egypt had purchased a cargo of U.S. wheat for the first time since last October. General Comments Soybeans opened lower Sunday evening with corn actually steady and wheat higher. That opening set the pattern for trade through the balance of the night and into today's trading session. About the only change was a weakening in the soy complex. Soybeans set new contract lows today by a wide margin, dropping to $9.34. The bearish soybean news was simply more weekend reports that soybean yields were staying big wherever the harvest was underway. Wheat stabilized on news that Egypt had purchased a cargo of U.S. wheat for the first time since l...
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.