The CBOT ended higher on Wednesday after a mixed overnight session gave way to day-session gains. Outside markets recovered some of yesterday’s losses, which added support to the CBOT. Traders are looking forward to tomorrow’s Noon ET Grain Stocks and Small Grains summary reports, both of which are expected to provide bullish data. Corn, wheat, and soybean stocks are forecast down well below last year’s levels while wheat traders will be watching production and abandoned acreage closely. Funds were mostly positioning for tomorrow’s reports, which meant a slight bullish tilt to the market given yesterday’s selloff. Brazil is experiencing more favorable weather this week and planting the soybean crop is pi...
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.