SPREADS Sep. crush trades to 92c/bu while oilshare is at 32.0%. July/Dec corn firms to 13 3/4c from 15c, while July/Sep. narrows into 4 1/2c from 5c. July wheat/corn trades from 1.90 1/2c down to 1.86c. July/Nov beans trades from 10 1/4c out to 11 1/2c. Bear spreading continues for this item. July/Dec meal widens out to $8.30 from $7.70. PALM OIL Holiday NEWS Stocks are sharply higher up over 500 pts as optimism continues on countries re-opening for business. Crude oil trades to $34.54/barrel with the US dollar trading down to 99.03. CALLS Calls today are as follows: beans: 3-5 higher meal: 80-1.00 higher soyoil: 25-35 higher corn: 1 1/2-2 higher...
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.