Grains and oilseeds are steady/mixed amid a day of mostly higher markets. The S&P 500 is up 8.26 points as of this writing while the Dow is up 128 points. The CBOE VIX index is slight higher but hovering around 9.6. The dollar is 20 points higher while COMEX Gold futures are down slightly. Crude oil continues to work its way higher, with Brent and WTI futures up $1.27 and $1.44/barrel, respectively. Corn March corn closed 1 ¾ cents lower today at $3.49/bushel. The market took back some of yesterday’s losses but failed to break above the 20-day moving average. Corn has two minor stories developing this week: feed demand and ethanol demand. Feed demand should remain solid with the cold weather across the Midwest and m...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.