USDA officials indicate that unless the closed parts of the government reopen tomorrow, 4 January, the 11 January reports including the WASDE will almost certainly have to be postponed. For the second day in a row, the closing prices across the entire grain and soy board are showing only green numbers. Do two days of higher prices represent a trend? Probably not, but it did not happen very often in 2018. Today’s trading featured notable differences versus yesterday’s activity. The first is that wheat was the upside leader today, and the second is that March corn gained 4 cents, rather than just a few fractions. Finally, the grain and soy markets headed in a different direction than did the U.S. stock market, which suffer...
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.