The soy complex had a day of very wide trading ranges on good (not big) volume. Corn futures had a 6 cent trading range and closed in the middle, down 3-4 cents. General Comments Markets opened down again Sunday evening. Last week's Commitment of Traders report showed that funds were still holding larger long positions in corn and soybeans than expected. This sent a signal that we still aren't low enough. The weather outlook for the U.S. is also not threatening through the first half of August and probably beyond that. The hard red spring wheat and barley harvests are getting underway across the northern Plains. As anticipated, very early results are quite good. The trade was also expecting corn and soybean ratings to improve in today's c...
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.