Prices sagged throughout the day session due as much or more to an absence of buying interest as to aggressive selling. Funds were on the sell side across the board but in relatively modest volume. General Comments The overnight session once again showed mixed price action in mostly light volume. China returned to work after nearly a week-long holiday. The Shanghai stock index was higher, but the Dalian futures market ignored this week’s higher prices in Chicago to close mostly lower. Soyoil futures posted the only gain, but lower soymeal prices turned Chinese crush margins red again. This no doubt was one of the factors that caused a lack of interest from Chinese soybean buyers as they returned to their desks.The Fed released the minutes...
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.