SPREADS May crush trades to 94.77c/bu while oilshare trades to 32.08%. July/Dec corn trades from 3c to 4 1/4c, while March/May trades from 1/2c to 2c. July/Nov beans trades from 7 1/4c into 5 1/4c. May wheat/corn trades from 1.56c to 1.52c. May/July meal trades into $3.20 from $4.30. PALM OIL March palm oil closed up 49 ringgits NEWS Stocks turn around trading higher from lower, up 118 pts. Buying activity was noted at the lowest point of the sell-off from Friday, as some short-covering and bottom - picking finds its way to the market. The US dollar weakens to 97.30, which is good for export activity. Crude pops back to trade to $46.71/barrel in a reversal off the lows of $43...
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.