Friday’s weak closes coupled with a major flip-flop in weather forecasts over the weekend brought more sellers to the markets Sunday night and this morning. Meanwhile, the trade was expecting corn’s good to excellent crop ratings to decline at least 1-2 percent from last week, General Comments Friday’s weak closes coupled with a major flip-flop in weather forecasts over the weekend brought more sellers to the markets Sunday night and this morning. The outlook for temperatures went from above normal to below normal, although that for rainfall remained below normal. There was scattered rain across parts of the Corn Belt over the weekend, and more is in the forecast for mid-week. None of these showers were heavy, and coverage was about 15-20...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.