News overnight that China had dropped the import tariffs on U.S. sorghum ignited a nice rally in the corn market, which carried over to this morning and held together throughout today. Dry weather across some of the world’s major wheat-exporting regions, including the northern U.S. Plains, Canada, Australia and Ukraine, pushed wheat futures to strong gains as well. The soy complex was mostly steady. There is nothing certain out of the China/U.S. trade conversations. The U.S. House failed to pass the new farm bill today. The problem was all about immigration and not farm-related. U.S. equity markets were a nonevent today. Crude oil was just slightly lower. Corn FUTURES The fact that China reopened imports of U.S. sorghum a...
Eid Al-Adha will be celebrated in the Muslim world from 27 to 30 May 2026. The actual dates vary by country. Governments, banks and businesses will all be closed during this period. Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s government reports tha...
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...
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.