GOOD MORNING, Prices are mixed to higher this AM, with rainfall this week having a slightly dampening effect. Beans are higher as more business is rumored to take place, while soyoil futures posts strength following palm oil. The market is weighing where yields and production are given the flash drought in the western Corn Belt, as well as the derecho event. China continues to be an active buyer of both corn and beans. For so many years, China buying corn from the US was a drought in and of itself, and given the record crop potential before August traders sloughed off Chinese purchases. The lower production and yield ideas are now creating support each time China purchases more corn. Dry weather in...
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.