Short covering continued across the soybean futures today. Most analysts are bearish, based on the forecasts for record world ending supplies. The problem is the market refuses to acknowledge several factors. General Comments Markets were quietly steady overnight with little fresh news to trade. Soybeans and wheat turned higher early this morning with corn lower, which is how today's session opened and closed. Funds were net buyers of everything except corn.Options against the May futures contract expire this Friday.Stats Canada will release its planting intentions report this Thursday.U.S. equities markets were beaten lower last Friday but got it all back today. Today's rally was sponsored by news that China's Peoples Bank had cut reserv...
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.