Corn futures contracts closed down three-quarters of a cent in very slow, quiet trade that moved corn prices within a narrow 3 cent range. The U.S. Energy Information Administration (EIA) reported that last week’s ethanol production fell about 2.7 percent below the prior week, a sign that margins deteriorated in the interim. General Comments Grain and soy markets were just slightly firmer in overnight trade, but they eased back into the red during the day session and closed with modest losses. The pattern of higher prices overnight but turning lower during the day session has become fairly common during the last few weeks. Yesterday’s trading volume was quite low, but today’s volume appeared to be even lower. With little in the way of cas...
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.