SPREADS July crush trads to 60.25c/bu while oilshare trades to 38.23%. Spreads are slightly weaker for July/Nov inverse, trading down to 1.33 1/4c, while May/July inverse trades from 5-6c. July/Dec meal trades from $18.00 inverse to $16.10, while May/July trades from $3.40 out to $3.70. May/July corn inverse firms to 18 1/4c from 17c, while July /Dec trades from 64 3/4c to 68c. May/July wheat trades from an inverse to a slight carry at 1 1/2c. PALM OIL June down 23 ringgits ending at 3,768 ringgit/mt. NEWS Crude oil prices remain weaker this AM, back under $60/barrel with the US dollar firming to 92.41. Equities are higher, up 35 pts. as the US March PPI was up 1.0% vs. an expected 0.4%. CALLS Call...
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.