Overnight trading volumes in grain and soy were lower than recent evening sessions. One reason for the diminished volume likely stemmed from less active and lower volume activity in Dalian futures contracts. The day session then saw soybean prices trade both sides of yesterday’s close as corn's stayed mostly above. General Comments Grain and soy prices were just a bit higher in overnight trading in volumes that were lower than during recent overnight sessions. One reason for the diminished volume likely stemmed from less active and lower volume activity in Dalian futures contracts. Dalian corn and soymeal prices both closed lower. China’s current outbreak of avian flu seems to still be spreading, and discussion about it in the Chinese tra...
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.