The CBOT opened higher with wheat and soymeal leading the way. Corn followed wheat higher but soon fell back and entered a choppy trading pattern for the day. Soybeans rallied early on strength in the soymeal market, which posted a new contract high today, while soyoil continued to find pressure from fund profit taking. USDA’s report of fresh export business for corn and soybeans was supportive but better rains forecast for Brazil pressured afternoon gains. The monthly Cold Storage report showed total red meat and poultry supplies up 1.7 percent from July but down 7.3 percent from August 2019. Red meat supplies continue to see the lingering impacts of this spring’s packing plant shutdowns while the poultry market has rema...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.