Overnight trade found corn and wheat futures in a mild retreat from yesterday’s big gains, while soybeans were quietly higher. Trading volume was rather light. China and much of Europe will celebrate their May Day holiday tomorrow through Monday. Word that Treasury Secretary Mnuchin and U.S. Trade Representative Lighthizer are expected to meet with Chinese officials in Beijing as quickly as next Tuesday generated enough hope of progress on the trade disputes to keep a bid under soybeans. However, that hope faded away during the day session as exporters reported that Chinese inspectors have begun to survey arriving cargoes of U.S. soybeans especially closely in recent days. It is reported that one soybean cargo is being held up from d...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.