While corn is sitting at or near contract lows and wheat was lifeless again today, the soybean market received a lift from another round of export sales announcements this morning. General Comments Markets were mixed in overnight trade on little fresh news to end the week and the month. That changed when USDA announced another round of soybean export sales this morning, which pushed the soy complex higher at today’s opening. USDA has announced a total of 717,000 MT of old and new crop soybean export sales this week to China and unknown.Weather is still basically benign heading into August. There will be periods of heat and limited rainfall, but nothing appears to be serious enough today to create any uneasiness about yield losses.U.S. fin...
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.