The large speculators and at least some of the large commercials have been big sellers (shorts) in the wheat markets for some time now. Large speculative short positions in Chicago wheat futures have been setting records. The huge world wheat crop and increasing ending supplies have been the primary reasons for the bearishness. The secondary reason is that most analysts, and especially commercials, always want to be bearish and short wheat.It hasn't been quite as easy being short wheat the past few months as was expected. The tightness in world feed grains coupled with the now tightening situation in world oilseeds have limited the downward slide in wheat prices. USDA now forecasts world feed wheat demand this marketing year to be at 131...
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.