Soybeans put on the most impressive show today with non-commercial buying while corn managed to climb as much as three cents higher today. Wheat, on the other hand, was the lethargic contract today. General Comments The overnight session found the soybean market attracting some buying interest and prices moved 3-4 cents higher. The rub-off effect pulled corn up a penny as well. Winter wheat futures stayed barely red during most of the overnight trading but rallied above yesterday’s close at the trading recess helped by the influence of MGEX spring wheat, which gained 6-7 cents overnight. Soybeans continued to move higher and were up as much as 12 cents during the day session before November soybeans settled for a 10-cent gain at the close...
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.