Red is the traditional color for Valentine’s Day and the CBOT seemed happy to do its part celebrating the holiday. The grain and oilseeds markets were all lower for the day with wheat giving up early gains and the cattle markets also turned lower. Of the major ag markets, only hog futures and soyoil posted gains, leaving traders staring largely at seas of red numbers. There wasn’t any one proximate cause for the day’s weakness and, rather, it was related to mild profit taking, some short selling, and a general disinterest in chasing the ongoing rallies. Funds are thought to have been slight net sellers for the day but trading volume was light and they are still heavily long corn, soybeans, and soymeal while likely now hold...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.