THE OPEN November beans: 5 3/4 lower December meal: .40 lower December soyoil: 39 lower December corn: 2 1/4 lower December wheat: 1 1/2 lower The markets opened as called, but weaker outside markets seemed to take a toll on price action with macros providing a risk-off day despite more business announcements to various destinations for beans. Sell-stops were triggered in beans, corn, and soyoil as prices took out important support levels noted in last week's trade. Funds took the sales announcements for beans this AM as an opportunity to lighten up on long positions, viewing weakness across the board. Expanding harvest pressure was noted as well. At 10:00 export inspections are a...
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.