It was another quiet night session Thursday evening with little price change in corn, wheat and soybean futures, and that dull pattern of trade didn’t change today. U.S. weather is basically cool and dry for the foreseeable future. That should allow the remaining fall harvests to finish and also enable farmers to plant the rest of the winter wheat they still intend to get in the ground. Today’s weekly export sales report contained no surprise except the very big sales for soymeal of 230,000 MT. If anything, weekly sales for corn, wheat and soybeans were slightly below expectations. USDA announced the sale of 100,000 MT of soybeans to “unknown,” and it seems that most of those registrations of the past few months hav...
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.