SPREADS May crush firms to 75c/bu while oilshare trades to new highs at 39.97%. Inverses find stability. July/Nov trades from 1.56c to 1.60 1/2c, while May /July beans trades from 15c to 13 1/4c. July/Dec meal inverse trades from $31.20 up to $33.30. July/Dec corn trades from 42 3/4c inverse up to 38c, while May/July trades from 9 1/4c to 10 1/4c. May wheat/corn trades from 1.19c down to a closing price of 1.07c. PALM OIL May palm oil closes up 79 ringgits to 4,053 ringgit/mt. SGS estimated exports at 334,556 mt for March 1-10 which was down 18.4% from Feb 1-10. NEWS Stocks are 80 pts higher as the number of Americans seeking unemployment dropped by 42,000 from 754,000 the week before.&nb...
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.