SPREADS Dec crush trades to 94.73c/bu while oilshare falls to 33.70%. Nov/Jan beans move out to 4 1/2c from 3 3/4c, while Jan/March inverts to 9 1/4c, trading down to 7 1/2c. Dec/Dec corn trades into 14c from 16 3/4c with Dec/March trading from 8 3/4c to 9 1/4c. Dec/March wheat moves from 7c to 7 1/2c. Dec wheat/corn trades from 1.92 1/2c to 2.00. PALM OIL Dec. down 72 ringgits. Indonesian Palm Oil association forecast July 2020 crude production at 4.23 mmt, with ending stocks at 3.62 mmt. NEWS Stocks are sharply lower on concerns that Europe may have to go into lockdown again, and over the US economy in general as we head into the elections. Crude trades to $41.27/barrel highs, with the...
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.