Markets were quiet overnight with corn, soybeans and wheat trading both sides in light volume. Wheat popped back today with some decent gains, while soybeans were under the most pressure. General Comments Markets were quiet overnight with corn, soybeans and wheat trading both sides in light volume. Wheat popped back today with some decent gains, but trading was very choppy and only a late rally brought it back to 6-8 cent gains. Corn and soybeans traded lower most of the session. Soybeans were under the most pressure but also rallied late and finished just 2 or so lower.Crude oil was higher, and the U.S. dollar was also firmer throughout the day. U.S. financial markets were quite strong with the DOW and the S&P both trading about .5 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.