General Comments: Lower and slower describes today’s grain and soy markets for the most part. Overnight trading saw barely more than 13,000 contracts of November soybeans and 6,000 contracts of December corn changing hands before the recess. Price changes during that session were modest with soybeans and corn down just slightly as wheat remained about unchanged. Grain prices tried half-heartedly to rally as the day session got underway, if for no other obvious reason than this is Tuesday when turnarounds often happen. Soybeans did not join in. The rally effort quickly ran out of gas, and prices mostly sagged into the red for the rest of the day, which is where they closed. The narrow daily trading ranges illustrate the general lack o...
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.