THE OPEN May beans: 12 higher May meal: 1.40 higher May soyoil: 65 higher May corn: 1 1/2 higher May wheat: 2 higher The markets opened as called but took separate paths after the open, with grains falling while the soy complex congested from its fresh contract highs for beans and soyoil. Wheat took the largest hit at the open, as it struggled against a higher US dollar. The report tomorrow is expected to be less bullish for wheat, which also created a down-turn as the small long may have decided to book profits. In general, the higher US dollar was a negative component in today's trade. At 10:00 export inspections were released as follows: corn: 1,544,460 mt vs. 2,046,712...
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.