SPREADS July crush trades to 84.79c/bu while oilshare is higher trading up to 31.11%. May/July corn narrows into 8 3/4c from 9 1/2c, while July /Dec trades at recent lows from 17 3/4c to 18 1/4c. July/Nov beans trades from 6c out top 8 1/2c carry. July/Dec meal trades into $5.40 from $6.50. July wheat /corn trades from 2.14c down to 2.06 1/2c. PALM OIL Up 11 ringgits, with June cash offers for RBD palm oil and olein up $2.50/mt higher, ending $520.00/mt and $522.50/mt, respectively. NEWS Stocks are higher, up 460 pts. even though the US economy shrank at a 4.8% annual rate last quarter, a quarterly drop for the first time in six years. It was the sharpest drop since the economy shrank at...
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.