SPREADS August crush trades to 84.39c/bu while oilshare remains steady at 46.0%. Sep/Dec corn inverse strengthens to 15 1/4c from 13 1/4c. Sep/Dec wheat trades to a 9c carry from 8 1/2c, but could widen out further with downside targets towards 10c-12c. Dec wheat/corn trades from 96 3/4c to 1.07 1/2c. August /Nov bean inverse trades from 44c up to 51 1/4c while Sep/Nov trades from 6c to 8 1/4 inverse. PALM OIL Sep. closed up 125 ringgit/mt, ending at 3,898 ringgit/mt. NEWS Stocks are up 260 pts as crude oil prices stabilize to trade up to $73.46/barrel. The US dollar trades down to 92.34. CALLS Calls are as follows: beans: 2-4lower meal: 2.00-2.20 lower soyoil: ...
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.