SPREADS Dec crush trades to 78c/bu, which is in recovery mode off the lows this week of 73c/bu. Dec oilshare trades to 33.13%. Corn spreads widen a touch as harvest rolls along. Dec/March corn trades out to 11 3/4c, with Dec 19/Dec 20 corn trading out to 17 3/4c from 15 1/4c. Nov/Jan beans trade from 13 1/2c to 14c, while Jan/March trades from 11 1/4c out to 12 1/4c. Dec wheat/corn trades from 1.28 3/4c up to 1.32c. Dec/March wheat narrows into 4 1/2c from 5c. PALM OIL Malaysian cash palm offers for RDB palm oil closed unchanged at $535.00/mt. NEWS Stocks are mixed with the Dow off 9 pts. The feature continues to be the weaker US dollar which trades down to 97.42. ...
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.