GOOD MORNING, In a market first, CME Group announced it would close its Chicago trading floors to reduce the chance of a coronavirus spread via large gatherings. The exchange said it would consult with medical experts for guidance on when to reopen its trading floors. The process would begin on Friday, March 13 at the close. All products will continue to trade on CME Globex as they do today. Prices are lower as the rout of the stock market continues. The Dow violated the 23,000 level, officially entering into bear market territory. Grains are going along for the ride, with prices sharply lower. As prices often do in this connected world, Asian shares took a cue from a sharply lower Dow to di...
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.