Today was the third day of corn contracts slowly working higher in narrow daily trading ranges as positions are adjusted, and the December contract still does not appear expensive with today's close at $3.69/bushel. General Comments The composite of corn, soy complex and wheat started off at higher levels, but the latter two drifted lower as the day progressed. Such movement within narrow trading ranges implied that trading positions are being adjusted in case of potential volatility once USDA's global estimates are updated this Friday. The prospect of a large U.S. soybean crop being followed by a big South American crop may make some U.S. crushers nervous about present price levels of oil and meal. However, such concern may be premature...
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.