Funds were aggressive sellers at the CBOT on Monday, with fundamental weakness in palm oil/soyoil spilling over and triggering liquidation across the board. The soy complex traded into major support levels with some end-user buying emerging for the soymeal market. Soy weakness pressured old crop corn futures, but new crop futures emerged mostly unscathed. Wheat ended the day lower, but the KC market has the feeling of consolidating ahead of a potential move higher. For the day, funds are thought to have sold some 15,000 contracts of corn, 20,000 contracts of soybeans, and 10,000 contracts of soyoil. Funds likely sold 6,000 contracts of wheat as well on Monday. UDSA NASS’ latest Crop Progress report showed winter wheat co...
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.