Markets were higher overnight, and that buying followed through to today’s trade. There wasn’t any specifically bullish news, but there was a great deal of what was considered positive news. General Comments Markets were higher overnight, and that buying followed through to today’s trade. There wasn’t any specifically bullish news, but there was a great deal of what was considered positive news. Crude oil was again higher and closed the day up $1.94 at $37.86, the highest close since December. Financial markets were mixed most of today. There is a little weather in the mix with warm and dry weather forecast to continue across the southern Plains, while too much rain is slowing harvest in parts of Brazil. There was also chatter that strong...
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...
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.