Traders in commodity futures markets are always nervous, it goes with the territory. They are always fearful that something unforeseen will happen to harm their otherwise well thought-out positions. The only way some traders can relax is to even up and stay away from the markets, but even then they are afraid that they might miss some opportunities. We know one futures trader who claims that only since the advent of smart phones has he been able to take actual vacations. Now he can sit on a beach while still following and trading markets, if that truly qualifies as a vacation. It has been said that every successful trader in commodity futures markets must be paranoid. Perhaps that has changed in more recent times with the advent of...
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.