GOOD MORNING, The markets are mostly lower though nearby corn and soyoil trade both sides of even. Corn gains on beans, and soyoil on meal. The sideways chop continues, with corn spreads still firm and bean spreads continuing weaker as Brazil harvest continues and China buying continues to slow. Corn basis and spreads are firm as the crop must be divided between exports, ethanol, and feed. Brazil's IMEA reported corn sowing in Mato Grosso at 88% done, as it enters the final stretch, but lags the year ago pace of 99%. Brazil's domestic corn prices typically trade higher in the off-season on lower stocks, with IMEA noting that domestic prices are up 115% since the start of the 19/20 season. Brazilian farme...
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.