The CBOT was mostly waiting for the WASDE report early on Wednesday with the major ag markets seeing little directional influence. The exception was the wheat market, which saw bull spreading develop from the opening bell that carried futures above major technical targets. Not even a mostly neutral WASDE (at least for the wheat market) could disrupt those gains and wheat futures posted a bullish day on the charts. Corn, soybeans, and soy products all wobbled a bit more as the report was very much in-line with expectations and didn’t change the overall market outlook much. The soy complex found greater selling pressure, due partly to ongoing liquidation in soymeal futures, while corn futures managed to catch a bid and move higher for t...
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.