GOOD MORNING, The markets are mostly firm this morning after trading mostly higher in the night session. Dec and Jan meal placed new contract highs overnight, and there are rumors that China purchased both US and Brazilian beans on the break. Those rumors come despite reports of possible Chinese bean cancellations. The market is therefore focused on weather and production, and for the moment it is not assured that La Nina has gone away. Funds are an estimated net long 30K contracts of wheat, 280K corn, 220K beans, 80K meal, and 109K soyoil. Corn: On the bull side is the recovering crude oil market, and lower carry-out as exports remain good and crop size questionable with growing problems around t...
Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...
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.