THE OPEN July beans: 6 1/2 higher July meal: .40 lower July soyoil: 48 higher July corn: 2 1/4 higher July wheat: 3 1/2 lower The markets opened in line with trade expectations, with more buy bean/sell wheat and buy soyoil/sell meal trade continuing. Volumes were low, as Ags seemed to be ignored today as money flows go to the crude oil market and stocks. At 10:00 export inspections are as follows: beans: 352,189 mt vs. 534,609 mt week ago (and vs. 475,000 mt expected) corn: 1,250,674 mt vs. 1,399,282 week ago (and vs. 1,040,000 mt expected) wheat: 440,822 mt vs. 343,221 mt week ago (and vs. expected 450,000 mt expected) Export inspections were good for...
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.