THE OPEN May beans: 6 1/2 lower May meal: 2.80 lower May soyoil: 14 lower May corn: 4 1/4 lower May wheat: 2 lower The markets opened on a lower note with more short-covering at the start of the session. However, the momentum to cover more short positions was lost as macro-markets encountered more turbulence once again with stocks off over 700 pts on more selling and commodity prices lower as well. The charts were set up for reversal days as mentioned, with beans already posting an outside day of trade coming into the trading session. Prices worsened as virus fears triggered more selling. Export sales did not show any bean purchases from China but reflected the sale of sorgh...
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.