SPREADS Sep crush is weaker this morning at 93c/bu while oilshare firms to 31 percent. The Dec/Dec corn inverse trades from 41 3/4c down to 33 1/2c, and well off the highs at 52c, also well off the lows with the inverse breaking under 10c. Sep/Dec corn is weaker trading out to 6 1/2c from 4 3/4c. Sep wheat/corn trades from 74c down to 65 1/2c. Sep/Dec wheat trades from 11 1/2c carry to 12 14/c. Sep/Dec meal trades from $4.90 to $5.10 carry, and August/Nov beans from 18 1/4c to 18 1/2c. PALM OIL - Up 10 ringgits in August NEWS A higher stock market still fuels the story of the day, as prices are up 46 pts with a high this morning at 27,397 pts. Crude is steady at $60.54/barrel as Barry makes its way ac...
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.