SPREADS Dec crush firms to 89.40c/bu while oilshare drops to 33.72%. Dec/March corn spread continues to firm, narrowing into 8 1/4c from 8 3/4c, and values that were as wide as 13c at one point. Firm cash and lack of farmer selling allows the spread to firm, providing spillover strength to Dec 19/Dec 20 corn, though it weakens back out to 17 1/4c from 15 1/4c. Dec wheat/corn trades from 1.19 1/4c to 1.17c. Dec /March meal trades from $6.10 to $6.20. Nov/Jan trades at 15c on this first day of delivery for Nov ctrs. Jan/March trades from 12 1/4c to 13c. PALM OIL SGS pegged palm oil product exports for Oct. at 1.522 mmt, up from the Sep est. at 1.327 mmt. NEWS The Do...
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.