Markets were slightly firmer in the night session with soybeans resuming the lead higher. The markets then opened at new highs when the day session got rolling. Fund buying was present in every market today, and volume in the wheat and corn markets was big. General Comments Markets were slightly firmer in the night session with soybeans resuming the lead higher. The markets opened at new highs when the day session got rolling and never looked back. Fund buying was present in every market today, and volume in the wheat and corn markets was big. Technically, every market is now trading above key technical points. President Trump’s comment that he would honor the “One China” policy was supportive. The big funds started to turn the corner fro...
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.