May 23 Corn closed at $6.37/bushel, down $0.0275 from yesterday's close. May 23 Wheat closed at $6.9525/bushel, down $0.135 from yesterday's close. May 23 Soybeans closed at $15.29/bushel, up $0.1025 from yesterday's close. May 23 Soymeal closed at $493.4/short ton, up $12.1 from yesterday's close. May 23 Soyoil closed at 60.45 cents/lb down 0.74 cents from yesterday's close. Apr 23 Live Cattle closed at $166.1/cwt up $0.675 from yesterday's close. Apr 23 Feeder Cattle closed at $198.6/cwt up $2.575 from yesterday's close. Apr 23 Lean Hogs closed at $83.475/cwt down $1.075 from yesterday's close. Apr 23 WTI Crude Oil closed at $80.61/barrel up $0.93 from yesterday's close.  ...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.