GOOD MORNING, Prices started the evening mixed but turned lower by morning. Harvest weather over the next two weeks appears to be perfect. Current prices may now factor in strong demand from China as its hog herd numbers recover. Funds appear to take a few morning profits as China nears their week-long holiday that begins October 1. Soyoil is down on a sharply lower palm oil market. While the bull may be taking a breather, the upward path and current tops do not have a market reversal as of yet. There are reports that Brazil may have oversold beans and need to import for their domestic crush. According to Agricensus, Cofco reportedly is selling Brazilian cargoes for Oct and Nov shipmen...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.