As might be expected with major USDA reports due mid-session Friday, trading was muted today with slow volume and small price changes. If there was a market feature, it was that funds continued as small-scale sellers of corn and soybean futures. General Comments Overnight trading of grain and soy futures saw a pickup in volume and modest price gains. At their highs, soybeans were up about 4 cents with corn and wheat up around 3 cents. Prices began to slowly erode as the trading recess neared, but they were still mostly positive as the day session opened. As might be expected with major USDA reports due mid-session Friday, trading was muted today with slow volume and small price changes. If there was a market feature, it was that funds con...
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.