THE OPEN November beans: 11 1/2 higher December meal: 3.20 higher December soyoil: 50 higher December corn: 3 3/4 higher December wheat: 9 higher The markets opened higher as called but end of month brought with it some profit-taking. Overbought extremes also prompted more profit-taking. Corn was supported on pullbacks as end-users have moved up pricing ideas in lieu of stronger price action. Deliveries were light for everything, and it is surprising that there were no soyoil deliveries made. At 10:00 export inspections were released as follows: beans: 804,591 mt vs. 1,223,251 mt week ago corn: 402,216 mt vs. 892,031 mt week ago wheat: 516,13...
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.