Markets opened lower Sunday evening with soybeans again leading the markets down. November soybeans traded as much as 24 cents lower overnight on continued fund liquidation. Corn continued to struggle early today. Funds have now liquidated nearly their entire long position in that market. General Comments Markets opened lower Sunday evening with soybeans again leading the markets down. November soybeans traded as much as 24 cents lower overnight on continued fund liquidation. Corn and wheat futures were weaker as well, but they were never more than 3-5 lower. The weakness was due in part to some unexpected overnight rain showers across parts of the Corn Belt, which overshadowed forecasts for record-high temperatures in Nebraska, Iowa and...
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.