In spite of bullish Export Sales report numbers for corn and soybeans, lack of commercial support left grains and oilseeds market drifting lower. Today’s report makes it almost a certainty that USDA will... General Comments Like a broken record, grain and soy futures prices continued to leak lower. Nearby Chicago wheat closed down 1 ¼ cents, KC wheat was off 4 cents, May corn fell 2 cents, and soybeans dropped 8 ¾ cents in the old crop with new crop (November) down 7 ½ cents. Even soyoil broke its string of higher closes by losing 30 points while soymeal slipped $2.80.What is interesting is that these across-the-board-losses came after USDA FAS released the weekly export sales report that showed surprisingly large sales of corn and soybea...
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.