In the past week there has been a lot for the biofuels markets to digest and ponder, ranging from new numbers from EIA and USDA to the impact of the current political situation on key policy issues and the markets. First, the easier to grasp matters, are the recent data releases. Yesterday, USDA issued its bullish September grain stocks report as Matt Herrington covered last night. Total corn stocks were 314 million bushels below the industry’s pre-report expectations. The actual stocks of corn were 2.114 million bushels, which was lower than even the bottom end of the range of industry guesses (2.298 million bushels). The high end of the range was 2.5 million bushels, yielding an average estimate of 2.248 million bushels. Harvest pr...
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
Illuminating the value of technical research
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