SPREADS Dec crush trades to 1.02c/bu while oilshare falls to 32.05%. Spreads are weaker with Dec/Dec trading out to 20 1/2c from 17 3/4. Dec/March narrows into 8 3/4c from 9c. Dec/March wheat trades from 7 1/2c to 8 1/4c. Dec wheat/corn trades from 1.79 3/4c to 1.76c. Nov/Jan beans trades from 4c to 4 3/4c, while Jan/March trades from 5 1/2c inverse down to 4 1/4c. PALM OIL Dec closed 103 pts lower. Drops to one month low as rising output and political tensions weigh. NEWS Stocks are lower again today, down 160 pts, with US jobless claims reaching 870,000, as layoffs remain elevated post Covid. Crude trades down to $39.12/barrel as the US dollar strengthens to 94.59. CALLS Calls t...
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.