GOOD MORNING, Prices opened fairly close to home with wheat again the firm trade out, and all else mixed to slightly lower. During the PM session, prices firmed around the board led by soyoil. Egypt is in for wheat, and we will see what origin they purchase. Meal is trying to hang on to trading lows while soyoil continues to put in dynamic upside trade. Soyoil is firmer on the back of palm oil, which gapped to new ctr highs today. Other commodities also have a bid, with cotton closing limit and at 10-year highs. Crude oil remains on a path towards $80/barrel. The October WASDE report is next week, and there are more guesses about yields crossing the headlines. IHS Markit fo...
What You Need to Know Today: The latest EIA Short-Term Energy Outlook forecast 2027 U.S. WTI crude oil at $65.39/brl, up about $5 from the prior forecast. President Trump late Monday claimed the U.S. has swept the entire Strait of Hormuz (SOH) for sea mines. Iran’s security council said...
Key Takeaways: Soymeal with 44 percent protein generally contains more soybean hulls and fiber, while 48 percent soymeal is more extensively dehulled, resulting in higher protein concentration and lower fiber. CBOT soymeal futures were lowered from a 48 percent to 47.5 percent protein specific...
The trade deficit contracted slightly to $73.3 billion in June, a break from the volatility that has underscored international trade over the past year. Despite the small change, there was plenty of activity behind the scenes: imports fell $7.3 billion, led by crude oil, reflecting cheaper crud...
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.