The overnight session saw grain and soy prices mixed and the trading volume notably less than Sunday's overnight session. However, there was no doubt about price direction during the day session. General Comments With 89 percent of the corn crop and 94 percent of the soybean crop harvested as of 16 November (according to NASS), we have entered the cleanup phase. It is worth considering how effectively and efficiently U.S. farmers and the entire grain marketing chain have handled a far larger fall harvest than ever seen before. Despite the massive, record-setting volumes involved this year, the U.S. corn and soybean harvests are finishing up very close to the average dates derived from much smaller crops. Moreover, the bumper corn and soyb...
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.