SPREADS Jan oilshare trades to 32.42% while crush trades down to 99.40c/bu. Jan/March beans trades from 1/2c to 1c carry, while Dec/March meal trades up to $4.00 from $3.70. Dec/March corn narrows into 7 1/4c from 9c, while Dec/March wheat trades from 9 3/4c into 7 1/4c. March wheat /corn trades from 1.73c down to 1.66c. Dec /Dec corn inverse trades up to 15 1/2c from 10 3/4c. For the most part, nearby bean bull spreads are firm despite weaker flat price. PALM OIL Feb. down 27 ringgits. Cash offers were down $2.50/mt. SGS forecast Malaysian Palm oil exports for Nov at 1.390 mmt, do2n 19% from Oct. at 1.714 mmt. NEWS Stocks are down 130 pts. while the US dollar trades dow...
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.