Apparently, of more interest to traders than South American weather is the imminent rebalancing of index funds. Thus, Inter-market spreading was the story of today’s market action, which did help ramp up trading volume from the very low pre-holiday levels. General Comments CME grain and soy markets reopened at 7 p.m. (CST) yesterday after the long New Year holiday weekend, and traders were armed with three days’ worth of weather model runs covering the 10-15 day forecast for Brazil and Argentina. Basically, there was not much change in that outlook as of late Monday from last Friday’s midday run. The abnormally dry patterns are to persist over northeast and north-central Brazil plus La Pampa and Buenos Aires in Argentina. There may be a f...
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.