SPREADS March crush trades down to 97.28c/bu while oilshare trades down to 32.43%. Spreads hit new highs in corn where profit-taking was noted. Jul/Dec corn trades from 23c inverse down to 18 3/4c. March/May corn trades from 1 1/2c inverse to 2 1/4c. March wheat/corn trades from 1.74 1/4c to 1.65c. Jan/March beans trades from 3 1/2c to 4 1/2c, while Jan/March meal trades around even into a small inverse. March/May beans trades from 1 1/2c inverse from 3/4c inverse. PALM OIL March palm down 39 ringgits. AmSPec Malaysia estimated Dec 1-20 exports at 1.073 mmt, vs. 908,443 mt for Nov 1-20. NEWS Stocks are down 430 pts despite the fact that the US confirmed a deal for more Covid economic relief.&nb...
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.