In the soy complex, funds continued to slowly liquidate their long positions as weather in Argentina has improved. Meanwhile, wheat markets continue to be centered on big world supplies with no significant production problems. General Comments A holiday session was expected today, and that is what we got. Trading volume was extremely thin across the CME futures and options markets, and it was very light across energy and equity markets as well.The soy complex was steady to better to open the Thursday night session. However, what little buying there was disappeared, and trading was lower most of today, which is also how wheat and corn traded.Crude oil was fractionally lower as was the U.S. dollar. U.S. equity markets were also very quiet a...
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.