The CBOT opened sharply higher Sunday night and that strength continued into early-day trade on Monday. Continued dryness for Argentina and southern Brazil combined with overly wet weather for central/northern Brazil helped the markets move higher initially. The rally attracted selling pressure, however, that pulled corn and soybeans off the day’s highs and back within their respective trading ranges. Wheat futures finished sharply lower as the commodity remains the sell-leg of bull spreads from the corn and soybean markets. A sharply higher U.S. dollar and better weather forecast for the U.S. Plains and Black Sea also pressured futures. The March WASDE will be released at 12:00 Noon EST tomorrow and traders/analysts are genera...
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.