Traders nervously awaited USDA’s June acreage and stocks reports, which have a considerable history of causing major price movements in grain and soy futures markets. The overnight session started out a bit higher in light volume, and this strength carried over into the start of the day session. General Comments Traders nervously awaited USDA’s June acreage and stocks reports, which have a considerable history of causing major price movements in grain and soy futures markets. The overnight session started out a bit higher in light volume. This strength carried over into the start of the day session, but prices soon sagged below yesterday’s closes before the release of the report at noon (EDT). Quickly thereafter, soybean prices quickly ro...
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.