GOOD MORNING, The markets have been on a good roll to the upside. Corn may now only have a net short 90K or so, but the commitment-of-trader's report will show us where that stands. Funds are long soyoil and beans and pullbacks will now be for buying. US corn and beans are world competitive now. Expect that to continue to be a source of support as the markets work back into trading ranges from the top. China made its largest weekly corn purchase in a month, and continues to be around the bean market. The bean market continues its acceleration to the upside, with funds buying but also noted some China pricing as well. The only sellers for this market seem to be those taking a profit on this current...
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.