The day started with another round of gloom and doom as well as a risk-off mentality. Grain and oilseed futures markets were little changed overnight and traded 1-3 lower this morning until the USDA report was released. General Comments The day started with another round of gloom and doom as well as a risk-off mentality. Japan’s stock market was 5.5 percent lower with the EU down 1.5-2.5 percent. Crude oil was slightly lower early before getting absolutely clobbered as the day wore on, and the March contract traded below $28 a barrel. The U.S. dollar was losing .75 points early, but those losses were moderating later in the session. U.S. equities opened sharply lower, although they recovered and were trading unchanged by mid-morning befor...
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.