The overnight trade saw wheat prices edge higher while corn and soybeans drifted lower on yesterday’s fancy crop condition ratings. Trading volume was a bit better than recently. The day session opened quietly with little price action, but more selling entered the corn and soybean markets. General Comments The overnight trade saw wheat prices edge higher while corn and soybeans drifted lower on yesterday’s fancy crop condition ratings. Trading volume was a bit better than recently. The day session opened quietly with little price action, but more selling entered the corn and soybean markets with more weakness ensuing. At its low, November soybeans were off about 18 cents, but they managed to close down just 8.5 cents. The November contrac...
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.