It was an erratic and somewhat volatile day of trade for grain and soy futures. Financial markets also experienced an uptick in volatility, and this may have rubbed off on grains and the soy complex. Overnight trade was relatively calm, but prices across the board were slightly firmer. They were buoyed by hope that the second session of high-level U.S./Chinese trade talks, which were to get underway today in Washington, would lead to some progress in narrowing the wide gap between the two sides. Markets also hoped for clarity regarding the rumored swap of relief from U.S. sanctions for Chinese telecom firm ZTE in exchange for taking possible Chinese tariffs on U.S. ag products off the table (or something like that). Unfortunately, neither...
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.
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...