SPREADS August crush trades higher to 88.88% with oilshare firmer at 32.93%. July contracts are beginning to get rolled forward which tightens up the spread. July/Dec corn trades into 12 1/4c from 12 3/4c. July/Sep corn trades from 3 3/4c to 4c. July/Nov beans weakens out to 13c from 11 1/2c. July/Dec meal trades from $7.70 out to $8.30. July wheat/corn trades from 1.91c to 1.88c. July/Sep wheat narrows into 12 1/2c from 13c. PALM OIL August up 52 ringgits. Prices closed higher as lower output of the commodity is expected for May, with demand continuing to recover. Buying has resumed for both China and India as gov. eases lock-downs. NEWS Stocks are up 150 pt...
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.