Weather support and trade optimism boosted the grains markets today. The spread unwinding that hammered the wheat market yesterday was done, allowing the complex to recover. Livestock futures were mixed with a bullish rally stalled for today. U.S. equities mixed presently with the S&P up fractionally and the Dow down 1/3 of one percent. The CBOE’s VIX index is down 8 points while COMEX gold is up $1/ounce. The U.S. dollar is up another 5 points at 93.59 while the Brazilian real and Argentine peso are 1.2 and 0.3 percent higher, respectively. Corn July corn gained 2 cents/bushel today and remained above the 10- and 20-day MA. December corn added 2 ¼ cents in value and remains above the relevant moving averages...
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.