The lack of any news from the U.S./Chinese trade meeting was disconcerting. Mostly as a result of this, soybeans were unable to build on Tuesday’s late rally in overnight trade. This was so even though wheat and corn were mildly firmer overnight. No news about the trade discussions is not good news, and soy complex futures buckled as traders sold soybeans in response. A tweet from President Trump denying the U.S. was “caving in” on lifting sanctions on ZTE was taken negatively as a sign that an agreement freeing ag products from threats of Chinese tariffs had not been reached. Noncommercials were aggressive sellers of soybean futures during the day session, sending the July contract down 19 cents and below $10.00 at the c...
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.