The CBOT pulled back again on Tuesday with only soyoil and the livestock contracts finding their way to higher ground. Funds continued to liquidate their net long positions in corn and soybeans while extending a short SRW wheat position. Fundamental news that hit the wires Tuesday seemed to all be bearish the U.S. grain markets, with additional troubles in the Mississippi River, no daily export sales announcements, and favorable progress in negotiations over the Ukraine export corridor. Additionally, rains are slated for Argentina and Brazil this week, which will aid crop development in those countries. This is the time of year when grain markets see seasonal pressure as the harvest bolsters new crop supplies, and the current export trouble...
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.