THE OPEN November beans: 18 higher December meal: 4.50 higher December soyoil: 67 higher December corn: 13 1/4 higher December wheat: 18 3/4 higher The markets opened higher and continued to keep nightly gains into midday with corn prices extending towards gap-fill. Wheat seemed to struggle at new highs as prices probably need to back and fill and congest gains. Drier and warmer weather kept the upside of the market intact. End-users took advantage of macro weakness yesterday to get something on the books. More trade guesses are coming in towards US yields for beans and corn. Cordonnier forecast beans unchanged at 50 bpa and corn at 175.5 bpa. Cordonnier forecast...
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.