In Paraguay almost 70 percent of the wheat crop is already harvested with very good quality. This is a little surprising because there were some excessive rains. Yet, wheat seems to have good test weight, and protein levels are reported to be above 13 percent. Soybeans Northern Brazil is facing dry conditions that are somewhat concerning to farmers. The seeding pace is about one week delayed versus the normal time frame. Yet, this is not exciting the market because of the lackluster sales pace. A few cargoes of soybeans were sold from Brazil this past week at +197 to +194 SK for May and +294 SN for June. However, Chinese demand remains limited, and South American sales are still below the pace of a year ago. The recent CBOT price increase...
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.