SPREADS May crush trades lower down to 92c/bu while oilshare trades down to 34.10%, close to the 34.0% level that has already been tested once. Corn spreads widen out with July/Dec trading to 3 1/4c from 2 3/4c. March/May trades from 4c to 4 1/2c. July/Nov beans trades into 6c from 7 1/2c. March/May meal narrows into $5.50 from $5.70. PALM OIL April down 77 ringgits. Malaysian customs agency said the crude palm oil export tax for March is steady at 6%, the country's reference price is 2,982.63 ringgit/mt. NEWS News from the China National Health Commission of a dramatic increase in coronavirus cases to 60,000, with the death toll now at 1,367 people, has created a risk-off atmosphere of trade.&...
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.