It was another see-saw type of day for grain and soy markets that started out higher across the board during an active overnight session. Wheat was the unlikely leader of the day session. July Chicago wheat closed up 15.25 cents with KC July up 11.25 cents. General Comments It was another see-saw type of day for grain and soy markets that started out higher across the board during an active overnight session with soymeal, soybeans and corn pushing to new highs for the move. July soybeans came within 2 cents of $11. Dalian soymeal was slightly higher, but it was not nearly as strong as CME meal on Wednesday. For a change, it also did not quite set a new volume record. China’s 2016 corn auctions begin tomorrow (Friday) with 2 MMT plus about...
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.