There were quite a number of sometimes contradictory factors for grain and soy market traders to chew on today, including the National Oilseed Processors Association's (NOPA's) unexpected crush volume for March. General Comments There were quite a number of sometimes contradictory factors for grain and soy market traders to chew on today. They included the National Oilseed Processors Association's (NOPA's) unexpectedly large soybean crush volume for March, the lowest weekly ethanol production in six months, forecasts for substantial rainfall this week over the dry central and southern Plains, Midwestern corn planting progress, sharply higher crude oil prices, a weaker U.S. dollar and a stronger stock market. Also, China announced that its...
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.