Everyone likes a little market excitement, but the back-and-forth price swings experienced today pushed the needle on that meter higher than it has been for quite a while. General Comments Everyone likes a little market excitement, but the back-and-forth price swings experienced today pushed the needle on that meter higher than it has been for quite a while. In round numbers, July soybeans traded in a 26 cent range, November soybeans in a 23 cent range, July soymeal in a $15 range, July corn in a 9 cent range and Chicago July wheat in a 12 cent range. It is not simply that today’s trading ranges are wide as there were a few days during the last few months when they were similar. However, the way that prices fell sharply overnight, reverse...
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.