The soy complex crumbled sharply lower overnight as funds turned from big buyers to moderate sellers. Soybeans then opened this morning with moderate losses, but they had broken 35-40 cents lower on significant fund selling by midmorning. General Comments Corn and wheat futures collapsed at yesterday’s close, and the soy complex did so in the Thursday evening session. Soybean futures were as much as 24-25 cents lower overnight, exactly opposite of the 24-25 cent gains of the previous night. Corn and wheat were also down 5-7 cents and 11-12 cents, respectively. Soybeans opened this morning with moderate losses, but they had broken 35-40 cents lower on significant fund selling by midmorning. The July contract was giving back yesterday’s gai...
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.