SPREADS May crush firms to 98c/bu while oilshare firms back over 35% to 35.27%. July/Dec corn trades from even to 1/2c carry. March/Dec trades from 10 1/4c to 10 3/4c. March wheat/corn trades from 1.77 3/4c to 1.80c. July/Nov beans firms to 12c from 13c. March/May meal firms into $5.50 from values that were out to $5.90 yesterday, and $5.70 today. PALM OIL April up 138 ringgits. Ahead of the Malaysian Palm OIl board Jan date on Feb 10, analysts are forecasting production at 1.213 mmt, with Jan exports at 1.282 mmt, and oil stockpiles at 1.760 mmt. NEWS Equities continue firm, taking back all the losses from the Coronavirus with a 239 pt gain today. The US dollar trades higher...
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.