SPREADS May crush trades up to 95c/bu while oilshare moves lower trading to 32.12%. There were no corn, bean, or wheat deliveries. March/May corn traded into 3c, while July/Dec widens out to 5 1/4c from 4 1/2c. July/Nov beans narrows to 8c from 11c, while March/May trades into 6 1/4c. March/May meal trades into $6.40 from $7.10. NEWS The stock market is off over 300 pts as losses continue to mount on the Coronavirus fears. Crude trades down to $44.95/barrel while the US dollar hits a low of 98.02. The Commerce Dept reported that consumer spending increased last month by 0.2% last month, down from 0.4% in Dec., and the smallest gain since Oct. CALLS Calls today are as follows:...
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.