THE OPEN November beans: 8 higher December meal: 2.80 higher December soyoil: 17 higher December corn: 2 1/4 higher December wheat: 2 higher Further reports of Chinese bean buying and more biz announcements today supported bean and meal prices, as well as the other markets. Oilshare values were weaker as traders bought meal/sold soyoil at the start of the trading session. Buy corn/sell bean trade was also noted as a minor early trend, but both markets traded to new highs into the report. Wheat prices broke lower into the report. At 11:00 here is what the September WASDE had to say: U.S. PRODUCTION (Million Bushels) 2020-21 S...
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.