Global economic uncertainties are likely to continue, and they will influence commodity markets including grain and soy periodically. However, many of the weakest market shorts have gotten out or at least reduced their exposure by now.Soybean and corn harvesting is underway full blast across the Midwest except for the eastern areas that are still experiencing lingering showers, and those should join the party in a few days. So far this week, producers are reporting fabulous yields similar to those prevailing before the rain delays. Meanwhile, planting of the remaining winter wheat acreage has also resumed. USDA reported that 76 percent of winter wheat had been planted as of 19 October, which is about average for the date, and that 56 percen...
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.