SPREADS July crush trades 58c/bu while oilshare trades to 39.99%. Bean spreads are firmer with July/Nov trading from 1.85 3/4c to 1.92 1/2c. May/July bean spread trades down to 10 3/4c inverse to 12 1/4c. July/Dec meal falls to $27.70 inverse from $30.60. July/Dec corn inverse trades to 64c from 66 1/4c while May/July trades to 16 1/2c from 17 1/4c, and values that were 19 1/4c. May/July wheat trades down to 7 1/4c inverse from 9c. The July wheat/corn spread trades from 90c to 89 3/4. PALM OIL June closed unchanged at 3,930 ringgit/mt. Inventories at the world's largest grower Indonesia is expected to shrink by almost half to 2.67 mmt by the end of 2021 as a rise in demand is seen outpacing...
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.