GOOD MORNING, The March report was mostly a non-event as USDA kicks the can down the road for the April report. Report one of the new Northern Hemisphere season is out of the waybut the larger move is probably going to come from the Prospective Plantings report at the end of the month. The fight for acreage between beans and corn is on, and the steep sell-off in beans courtesy of its connection with falling Chinese stocks implies perhaps that while corn is at value, beans may have to come up for air to compete. This morning prices are featuring a weaker grains picture vs. steady to higher soy complex trade. The lack of fresh bean business and large Brazilian crops implies that beans do not have to rally, but corn ca...
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.