Corn started to move reluctantly higher with the rally in soybeans, but advanced up sharply at mid-morning. There was little news around to excite the wheat markets, but they were firmer today on the corn and soybean rallies. General Comments Markets were supposed to open lower Sunday evening because of the bearish USDA reports and poor closes last Friday. They did so, but it didn't take long for soybeans to move up and then sharply higher on the heels of fund buying. That eventually brought corn and wheat along as well, and the markets closed strong.It was a government holiday in the U.S. today, so USDA and banks were closed. However, the financial and commodity markets were open. Regular Monday USDA reports like crop progress and export...
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.