SPREADS August crush trades higher to 1.18c/bu while oilshare moves up to 47.35%. Heading into first notice day, the July/Nov bean inverse falls to 42 1/4c from 51 1/4c, while August/Nov falls to 22c from 29 1/2c. Sep/Dec meal carry trades from $3.10 out to $4.00. July/Dec corn trades to 1.32c today from 1.26 1/4c. Sep/Dec corn inverse weakens to 10 1/4c from 11 3/4c. Dec/March wheat carry trades from 6 1/2c to 7c. Dec wheat/corn trades from 1.17 1/2c to close at 1.08c, on the lows. PALM OIL Sep. up 46 ringgits to end at 3,552 ringgit/mt. NEWS Stocks are up 90 pts while the US dollar trades up to 92.19. Crude oil trades to $73.39/barrel, though concerns over the Delta variant and new lock...
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.