THE OPEN July beans: 4 1/2 higher July meal: .40 higher July soyoil: 29 higher July corn: 3 1/2 higher July wheat: 6 higher The markets opened higher as rumors of corn business were confirmed in the 8 AM announcements, providing the markets with an opening lift. Short-covering was the catalyst for higher trade for both corn and wheat. Morning pullbacks held shortly after the session opened which triggered buy-stops in beans. Chatter has it that China continues around the bean market checking prices. The escalation in tensions between Trump and China is trying to push China into more purchases, or there is the threat that the deal could be terminated. Ags benefited from a risk-on tone in...
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.