SPREADS Dec/March corn spread trades firm into 11c from 11 1/4c, while Dec 19/Dec 20 trades from 30 1/4c to 31 1/2c. Nov/Jan bean spread trades from 13 1/4c to 13 1/2c, and Jan/March trades from 11c to 11 1/4c. Dec wheat/corn trades from 1.08c to 1.07 1/4c. Dec/March wheat trades from 6 1/2c to 7c. Dec oilshare falls to 32.69% after breaking 33%, while crush trades to 86c/bu. PALM OIL Malaysian Oct cash offers of RBD palm oil fell another $5.00/mt lower, impacting soyoil futures which are lower again this morning. NEWS Equities are 48 pts higher with US retail sales up 5.2% for the week ending Sep 21. Crude remains in the red trading down to $57.87/barrel while the US dollar 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.