Grain and soy prices weakened in active overnight trading. The theme of lower prices carried over into the day session, and long liquidation became more widespread although the volume of trade was not impressive. General Comments Grain and soy prices weakened in active overnight trading. Some traders were apparently caught off guard by the exceptionally high weekly crop condition ratings reported by USDA Monday afternoon. Some must have assumed that last week’s heat would have taken conditions down a bit. However, heat combined with moisture makes crops grow, and last week’s heat occurred while soil moisture levels were generally high. The high crop ratings and some scattered showers across the Midwest caused overnight selling pretty much...
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.