SPREADS Dec crush trades to 89.25c/bu while oilshare trades lower down to 34.66%. Dec/Dec corn trades slightly weaker from 20 1/2c to 22 1/4c, while Dec/March narrows into 9 1/2c from 10c. Nov/Jan beans trade from 4c to 4 3/4c after firming into 2 1/2c. Dec/March meal trades from $1.80 to $2.50. Dec wheat/corn trades from 1.70 3/4c to 1.74 1/2c. PALM OIL Holiday NEWS Stocks are up 113 pts. with crude oil trading up to $39.42/barrel. The US dollar trades to 92.78. CALLS Calls today are as follows: beans: 5-7 higher meal: 3.30-3.80 higher soyoil: 8-10 higher corn: 1/2 lower wheat: 2 1/2-3 1/2 lower canola: .30-.60 lower BUSINESS USDA...
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.