GOOD MORNING, The markets have put in a good rally as we head into the Sep. 1 Quarterly Stocks report. Corn rallied on any number of items, including rumors of possible Chinese inquiries, higher energies, unwinding of previous buy wheat/sell corn trade, and better stochastics that expanded ranges to the upside. Seasonally, corn tends to trend upward at this point in time. Funds came out as buyers yesterday, and would look for pullbacks to likely see more of the same. Charts for corn posted another new high late this AM. November beans never made it over the $13.00 benchmark, something noted by technicians. Harvest pressure, talk of decent yields rolling in, weaker spreads, and lack of exports weighed on...
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.