SPREADS Corn spreads are a big firmer with July/Dec at 2 1/4c from 3 3/4c. July/Nov beans narrows into 8 1/2c from 9c. March wheat/corn trades from 1 3/4c to 1 1/4c inverse. May crush firms to 1.04c/bu while oilshare falls to 34.13% as traders buy meal/sell soyoil futures. PALM OIL April palm closes 286 ringgits lower, down as much as 10%, the most in over a decade, on mounting concerns over the coronavirus in China that could impact demand, and the continuing feud with India, the largest importer of palm oil. Shipments to India could hit a 9-year low in Jan. NEWS Equities remain firm today with the Dow 140 pts higher. Crude trades up to $53.61/barrel, with the US dollar stronger at 98.10...
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.