THE OPEN May beans: 1/2 higher May meal: 3.30 lower May soyoil: 49 higher May corn: 4 1/4 lower May wheat: 3 1/2 lower The early feature of the day was that of higher oilshare, with soyoil futures trading higher despite weakness across the rest of the board. Oilshare continued to gain in strength, as soyoil futures posted a new ctr high. Buy soyoil/sell meal and buy beans/sell corn was the feature of the day, accentuated when IHS Market released acreage estimates. At 10:00 export inspections were as follows: beans: 489,405 mt vs. 548,951 mt (vs. an expected 450,000 mt) wheat: 648,485 mt vs. 712,158 mt (vs. an expected 450,000 mt) corn: 1,962,118 mt vs. 2.274,4...
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.