The CBOT traded mostly lower for the day in low-volume, but corn and wheat rallied at the day’s end to post small gains. The soy complex remained under pressure for most of the day, except for the fact soyoil pushed higher amid support from palm oil and crude oil futures. Weekend rains in Argentina and Brazil along with forecasts for heavy rain in central Argentina next week, pressured the markets to start the week. Funds are thought to have been modest net sellers in wheat, sold 9,000 contracts of soybeans, and ended the day flat corn. Spreads were weaker in soybeans and soymeal, a sign that commercials are starting to sell the rally more aggressively. Bayer Crop Sciences (the company that bought Monsanto) announced force maje...
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.