GOOD MORNING, Prices are mixed this morning, with oilshare weaker and wheat prices firmer but closing on trading range lows. Rumors of business have been swirling for wheat, and the market has been well bid for much of the week. Soyoil futures are lower, along with crude oil and palm oil. Meal remains steady / better, and bean prices are lower. More results from the Pro Farmer crop tour roll in, with results from Iowa and Minnesota. The tour found the Iowa corn yield to be 177.8 bpa vs. 182.8 year ago, and 183.6 bpa average. Bean pod counts were 1,146 pods vs. 1,107 pods year ago, and 1,136 pods average. Minnesota corn yield was 196.1 bpa vs. 170.4 bpa year ago, and 180.2 bpa average...
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.