Soybean and grain futures prices were lower to open the overnight session, and losses grew as trading progressed into the early morning. Understandably, soybeans were the downside leader as they are most directly threatened by Chinese tariffs. They were down more than 20 cents when trading recessed this morning with corn and wheat prices around 7 cents lower. President Trump’s threat to impose tariffs on another $200 billion of Chinese imports added another layer to the trade problems between the U.S. and China. Soon after trading resumed for the day session, there was a burst of panic selling that sent both July and November soybeans down 67 cents from Monday’s close. Corn fell 17 cents, Chicago wheat dropped 22.5 cents, and K...
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.