General Comments Today’s grain and soy futures markets can be described as very similar to what has been seen all week with narrow price ranges, minimal price changes, and limited interest in trading by commercials and noncommercials alike. To be fair, a few exceptions should be mentioned. Trading volumes that were quite low overnight seemed be just slightly higher during the day session. The other exception is that prices across the entire board (except for soymeal) finished with green numbers instead of red ones. The closing price changes were just as small as earlier in the week, but they were up instead of down. Overnight trading produced the green numbers that then prevailed throughout the day. Winter wheat contracts were the p...
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.