SPREADS March crush trades to 90.91c/bu while oilshare trades higher to 33.50%, above last week's 33.0% level. Jan/March beans spreads widened out to 4 3/4c from 5c carry, as the spread seems to have stabilized. July /Dec corn inverse trades back to new highs at 19 1/4c from 15 1/2c. Dec/March corn trades to a 3 3/4c to 1c inverse, (and from carry), as December futures prepare to expire at noontime. March wheat/corn trades from 1.95 1/2c to 1.90c. PALM OIL Feb. closed up 42 ringgits NEWS The stock market is 236 pts higher as the vaccine will be distributed this week. Crude oil trades up to $47.42/barrel as this brings with it the possible of higher demand in the future. The US dolla...
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.