The collapse in the soy complex, corn and wheat in just two weeks has been nothing short of amazing. It started with another “Black Swan” event when Great Britain voted to leave the EU.The collapse in the soy complex, corn and wheat in just two weeks has been nothing short of amazing. It started with another “Black Swan” event when Great Britain voted to leave the EU. World markets of every sort crashed the day following the Brexit vote. The risk-off crowd started to pull money off the table in a big way. The 30 June quarterly stocks report and acreage revisions were bearish corn and wheat but slightly bullish soybeans. They sparked an amazing 50-cent rally the day of the report for soybeans, which traded as high as $11.60¾ that day. Novemb...
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.