Corn, wheat and soybeans were all lower overnight following yesterday’s negative response to the somewhat bullish U.S. corn and wheat WASDE numbers. Both the U.S. and world soybean ending supply estimates were clearly bearish. Today’s session, however, saw the soybean market turn higher as corn and wheat markets stayed down. The only positive news about soybeans concerned meetings among various U.S. governmental groups to discuss the trade problems with China. This created some optimism that U.S. talks with that country at the end of this month might be productive. Trading volume today was average at best to end the week. U.S. equity markets were lower today, and crude oil briefly slipped below $60/barrel. The U.S. dollar was j...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
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.