Yesterday’s big soybean rally was sponsored by a press report indicating the possibility that the U.S. and China might resume a formal discussion on the current trade conflict. Overnight price action suggested that the rally was overdone as soybean futures gave back more than one-third of the gains. Corn futures hung around unchanged, but wheat futures prices moved still higher as they followed Paris wheat futures and rising world wheat prices. During the day session, the soybean market continued to whittle away more of yesterday’s gains. At the close, soybeans were down 16.75-17.25 cents, taking away about 60 percent of yesterday’s rally. Instead of confirmation that trade officials for both sides would meet to resolve i...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
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.