Overnight strength carried over into the day session amid active volume. December corn continued to march ahead, while it was another volatile session for the soy complex. General Comments Outside markets were relatively quiet today. U.S. stocks gained with the Dow up more than 100 points at last look and challenging 17,000 again. Crude oil is slightly higher, and the U.S. dollar index is slightly lower. Durable goods orders were down in September, but consumer confidence was on the rise. The Fed began its two-day meeting. It is expected to affirm the end of quantitative easing, and analysts will search for clues on the timing of higher interest rates.As has become the pattern, the overnight session once again opened with grain and soy p...
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.