Overnight trade in grains and the soy complex found both sides of Wednesday’s closes in below average volume. However, corn prices never fell far from the prior close and did ease their way higher later. Corn futures stayed that way during the day session that followed General Comments Overnight trade in grains and the soy complex found both sides of Wednesday’s closes in below average volume. However, corn prices never fell far from the prior close and did manage to ease their way higher late in the overnight session. Corn futures stayed that way during the day session that followed, posting a higher close for the fifth trading day in a row after the post-report beating they took following the reports last Thursday. May corn is up 14 cen...
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.