Traders responded last evening to the South American weather situation by pushing soybean and soymeal futures prices sharply higher in heavy trading volume. This carried over into the day session, which saw March soybeans up 29.25 cents at their daily high of $10.75. General Comments It takes the next weather market to remind us how volatile they can be, and we appear to be in the next one now. More heavy rainfall over portions of Argentine soybean and corn areas has exacerbated already existing flooding that threatens to wash out planted fields and prevent or at least delay farmers from seeding unplanted land. By ironic contrast, crop areas in southern Buenos Aires and La Pampa are plagued by drought. The weather is likely to be very dry...
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.