SPREADS Dec crush trades to 81.81c/bu while oilshare corrects down to 33 percent. Nov/Jan bean spread trades out to 14 12c while Jan/March weakens out to 11 1/4c from 10 3/4c. Dec/March meal weakens to new lows at $5.90 from $5.60. Dec 19/Dec 20 corn trades from 17 1/2c to 19c. Dec wheat/corn trades from 1.02c down to 1.00c. PALM OIL Dec closes up 14 ringgits. Analysts are forecasting production to be around 1.905 mmt, ahead of the Malaysian Palm Oil Board numbers to be released Thursday. NEWS The Dow is off over 170 pts as negotiations between the US/China continue. The US dollar is weaker trading down to 98.84 and crude is weaker as well. CALLS Calls tod...
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.