Soy complex futures prices jumped very sharply higher in aggressive trading, and wheat futures prices also advanced smartly. Corn futures prices were higher, but corn’s gains paled in comparison with the other markets. General Comments Soy complex futures prices jumped very sharply higher in aggressive trading, and wheat futures prices also advanced smartly. Corn futures prices were higher, but corn’s gains paled in comparison with the other markets. Funds were again eager buyers across the board, especially so in the soy complex. Grain markets were part of a broader trend toward higher commodity prices today, although the soy complex with May soybeans up over 31 cents was at the extreme peak of the trend. Crude oil was also higher with...
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.