Wheat futures tried to sustain a small rally today, but that effort didn't uncover enough buying to offset the weakness in soybeans and eventual weakness in corn. General Comments Today being the last day of July as well as Friday perhaps brought a calmer trade to today's markets. Prices started slightly better overnight, but those small gains didn't last long in quiet trade. Soybeans led markets lower today after USDA announced the cancellation of 200,000 MT of old crop soybean sales to China. It also reported sales of 108,000 MT of corn to Mexico and 127,000 MT of wheat (white, hard red winter and hard red spring) to "unknown."Weather continues to look mostly benign across the U.S. August will start with above-normal temperatures and no...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.