Regional News Last week, the European Parliament voted on the EUDR regulation and officially delayed the full implementation of the ruling until December 2025.After a soggy start to autumn for most of continental Europe, particularly the western regions, the recent weather and two-week forecasts have turned considerably drier. The drier weather trend has helped farmers finalize last-minute plantings that were delayed by earlier, rainy weather. Looking ahead, a rainy pattern develops for most of western Europe (all but southern Spain) over the next two or three weeks. Rains will be above average for most regions and temperatures will be much warmer than usual. The latter fact risks delaying the onset of dormancy and hardening in the win...
What You Need to Know Today: Attention is turning toward Friday's USDA WASDE report, with traders looking for updated corn and soybean production estimates and revisions to domestic and global supply-and-demand balances. The report could help establish a clearer direction for grain price...
Key Takeaways: Dry bulk markets are mixed this week with the Capesize sector falling on the demand slump stemming from China’s Golden Week holiday while Panamax and smaller vessel class rates remain firm. The Atlantic’s first hurricane of the season, Hurricane Isaias, intensi...
Yesterday’s momentum is facing a tougher test today. Stocks and most grain markets have pulled back, while higher Treasury yields and a firmer dollar are making buyers work harder to defend the gains. Crude oil has turned lower, easing some immediate energy pressure, but the Fed minutes l...
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.