SPREADS March crush trades to 99.39c/bu while oilshare trades to 33.03%. The July/Dec corn inverse strengthens back to 18c from 16c where it closes. March/July corn trades from 3 1/4c to 3 3/4c carry. Jan/March bean carry narrows into 4c from 4 1/2c, while Jan/March meal trades from .10 to .70 carry. March wheat/corn trades from 1.78 1/4c down to 1.74 3/4c. PALM OIL SGS reported that first half Dec. exports totaled 725,380 mt, up from 662,376 mt in the first half November. NEWS Stocks are 13 pts higher trying to hold on to morning gains. US retail sales declined by 1.1% in Nov, the first drop in seven months as consumers pulled back for the holidays. Crude oil trades in the red now,...
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.