SPREADS August crush trades at 74.58c/bu while oilshare is 44.12%. Jly/Nov bean inverse drops to 1.53 3/4c from 1.58 3/4c as traders will have to begin the process of liquidating or moving July contracts forward. July/Dec meal trade returns to a $2.10 inverse from a carry last week. July /Dec corn inverse trades from 1.12 3/4c down to 1.03 1/4c. Sep/Dec inverse trades from 29 3/4c down to 25c. July/Dec wheat spread trades from 10 3/4c carry to 11 1/2c. July wheat /corn trades from 16c down to 6 1/4c. PALM OIL --SGS estimated palm oil exports at 1.395 mmt, below April's 1.413 mmt. Malaysia announced Monday that certain industries will be enabled to operate for the two-week virus lock down period.&...
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.