GOOD MORNING, Prices are mixed this AM with gaps filled in beans and still waiting in corn as the markets find some profit-taking heading into the September 11 WASDE. Analysts will begin to put out estimates for yield and production in front of the report. One firm is already out with their guess, with corn at 179.6 bpa and production at 15.085 bln bu. Their bean guess is 52.9 bpa with production at 4.388 bln bu. As a reminder, USDA was at 181.8 bpa for corn and 53.3 bpa for beans. The crop progress report was neutral with crop conditions not declining as much as feared. Beans broke hard after the numbers were released. WEATHER Rains still favored in the eastern Corn Belt, with good rains...
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.