SPREADS August crush trades to 86.89c/bu while oilshare trades to 32.52%. Corn spreads remain firm as traders begin to spread July contracts forward. July /Sep trades from 4c to 4 1/2c while July/Dec trades into 12 1/2c to 13c. July/Nov beans trend weaker trading from 8 3/4c to 10 3/4c. July/Dec meal narrows back into $8.70 from $9.20. July/Dec wheat trades from 11 1/2c to 12c. PALM OIL August crude closed up 27 ringgits, with cash offers for RBD palm oil and olien unchanged at $562.60/mt and $565.00/mt, respectively. Palm oil inventories are seen rising on lower exports, though demand is expected to recover from June onward as countries ease lockdown restrictions. NEWS Stocks are down 100 pts...
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.