Wheat Argentina’s Grain Receivers, Oil Workers, and Oil Federation unions have been striking for nearly two weeks now, complicating grain and oilseed market logistics. At the same time, harvest is moving quickly, registering 13 percent weekly progress last week, bringing total harvested area to 66 percent. Upriver ports are not receiving any meaningful volume of trucks as farmers are struggling with their own logistics. Farmers prefer to sell for December delivery, even when prices are a few dollars less than deferred months, as it allows them to harvest and deliver directly to ports and avoid on-farm storage. The situation is unstable and uncertain, but the one thing is for sure: Argentina will have a very small lineup...
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.