SPREADS May crush trades to 90.61c/bu while oilshare trades at 34.52%, slightly firmer today. July/Nov beans trades from 4 1/2c to 6 1/4c, while March/May beans trades into 9c from 10c. July/Dec corn narrows into 3c from 3 1/4c. March /May wheat trades at even to 1/4c carry. PALM OIL April up 26 ringgits. The Malaysian Primary Industries minister said his gov. reserves the right to file WTO trade suit against the EU regarding restrictions on palm oil based on biofuel imports. NEWS The Dow trades either side of even in quiet trade as investors continue to monitor the pace of the coronavirus on the global growth scale. Crude is higher today to $52.30/barrel, helping soyoil futures. A...
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.