THE OPEN Jan beans: 2 lower Dec meal: .40 lower Dec soyoil: 3 lower Dec corn: 3/4 higher Dec wheat: 1 1/4 lower The markets opened as expected but without any further confirmation of US/Chinese trade negotiations, the path of least resistance remains lower. Grains were weaker led by wheat, while oilshare prices found new strength as soyoil futures followed a firmer palm oil session. During the session, NY Fed Pres Williams talked about the Fed and the economy, saying that if GDP continued to grow at 2%, then investment would as well. Stocks opened lower, and spent much of the trading session in the red, while crude oil prices and the US dollar weakened from overnight trade. SOY...
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.