Prices swung in wide ranges on both sides before finishing with relatively small changes. Drawn by the rather dramatic change of market momentum this week, technical traders were back again as buyers as were index funds. General Comments Trading volume was again heavy during the overnight session with prices of corn, soybeans and wheat trading both sides of Wednesday's closes. This same pattern carried over to the holiday-shortened day session as well. Prices swung in wide ranges on both sides before finishing with relatively small changes. Drawn by the rather dramatic change of market momentum this week, technical traders were back again as buyers as were index funds. Most of the fund buying was concentrated in the corn market with the r...
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.