It was a relatively calm day across most markets today following a very tumultuous week. Some news stories tied the small rally in the soy complex to the big one in crude oil. Soyoil futures were strong, while meal was weaker again. General Comments It was a relatively calm day across most markets today following a very tumultuous week. World financial markets were even docile after the mega moves that took place during this period. The U.S. S&P and Nasdaq exchanges finished just slightly higher with the Dow just a freckle lower. Crude oil was the exception. It was up more than $3 a barrel at one point and traded all the way back to almost $46. Heating oil futures were 7-8 cents higher and are now nearly 20 cents above Monday's lows...
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.