The Great Grain and Soy Rally of 2016 continued in full force again in overnight trading and during the day session. Overnight trading volume was heavy, especially for corn and soybeans. Commercial hedging was also a feature in both the corn and soybean futures markets today. General Comments The Great Grain and Soy Rally of 2016 continued in full force again in overnight trading and during the day session. Overnight trading volume was heavy, especially for corn and soybeans, which probably reached levels not seen since early last summer. May soybeans closed in on a gap in the soybean continuation chart that dates back to last August at $9.50, and then filled the gap during the day session before closing above it at $9.5575 -- a very stro...
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.