Corn followed the soybean market lower with fund selling the primary ingredient. The market wasn’t willing to extend long bets ahead of this three-day weekend. Weather and Washington uncertainty have made it suspect of extended trading gaps. General Comments Markets were lower overnight in good volume following yesterday’s sharp sell-off. Funds continued to sell all markets after they failed to hold gains above some key technical levels Thursday. Monday is a holiday (Presidents Day) in the U.S., and markets will be closed until the evening session. The market wasn’t willing to extend long bets ahead of this three-day weekend. Weather and Washington uncertainty have made it suspect of extended trading gaps. Markets all closed on or near th...
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.