SPREADS Dec crush falls to 82c/bu, one of the lowest levels noted for the year. Oilshare trends firmer trading to 32.98 percent. Spreads are steady with Dec/March corn trading from 12c to 12 1/2c after narrowing into 10 3/4c this week. Dec 19/Dec 20 corn trades from 32 1/4c to 32 3/4c. Dec wheat/corn moves from 1.13c to 1.17 1/4c. Jan/Nov beans remain weaker, trading out to 14 1/2c with Jan/March trading from 12c out to 12 1/2c. PALM OIL Nov down 19 ringgits. Malaysian palm oil offers unchanged at $522.50 /mt. China is out for holiday starting Tuesday. A global conference held in India had forecasts that were friendly, calling for BMD to rise to 2500 by March and for RBD palm to...
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.