Soybean and soymeal futures took a real beating this week as funds reduced their long positions. It was a combination of better U.S. weather and weaker outside markets, especially energy, that pushed prices to big losses. Futures markets opened steady last night but found buyers by this morning. General Comments It’s been a very bad week for anyone trying to be bullish commodities of any sort. Crude oil has been weak, soybean futures lost over $1/bushel, and the U.S. dollar has been strong. The market came back to work Tuesday after the U.S. Fourth of July holiday weekend, and the radar screens showed rain nearly everywhere across the Corn Belt instead of hot, dry weather. Funds turned into big sellers.Markets started last night’s session...
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.