Corn futures prices traded in less than a 5-cent range before closing fractionally lower. Funds and other noncommercials holding long positions in May corn concentrated on rolling them forward before the first delivery intentions day next Thursday. General Comments Describing dull markets is never very exciting, and grain and soy markets have been quite dull this week. There has been nothing, not even the outbreak of avian flu, to stimulate much buying interest. Generally, prices have moved slowly lower in much the same way as sandpaper grinds down wood, and watching them has been about just as exciting. For the last 11 trading sessions, corn prices have been stuck in a 9-cent trading range. May corn has moved between $3.71-3.80 with dail...
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.