GOOD MORNING, Prices are mostly lower coming into today's session, though corn begins very close to its contract highs. The markets were mostly overbought coming into yesterday's session for all but wheat and the result was a reversal trade in beans and meal. Meal appears to be a bit toppy, but we have been down this road before. Technicals must match fundamentals, or they will not pan out. The reversal trade in beans must be confirmed with follow-through to the downside today, as its appearance was most likely to be there to rid the market of its overbought condition. The January report is around the corner and typically is a market move. Perhaps prices have to move lower enough in order to...
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.