SPREADS May crush trades to 70c/bu while oilshare trades to 36.93%. Inverses are weaker with the sell-off with July/Nov beans trading down to 1.58c from 1.66 1/2c, and May/July trading from 10 1/4c to 12c. July/Dec meal inverse is lower trading down to $37.80 from $39.50. July/Dec corn trades to 62 3/4c from 66 1/2c inverse, while May/July trades from 9 1/2c to 11 3/4c. July wheat/corn trades 1.24 1/4c to 1.25c. PALM OIL May palm oil traded down 41 ringgits closing at 3,743. NEWS Stocks are 50 pts lower on end-of-month profit-taking, with crude at $61.80/barrel. Traders are booking profits on recent buy energies/sell US dollar trade. A sell-off on Wall Street picked up speed when the yiel...
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.