The CBOT opened sharply weaker on Sunday night, but that weakness attracted bottom-picking and end-user buying that turned markets around. In total, the CBOT posted a constructive day on the charts with corn and wheat posting notable turnarounds. Monday’s strength will help solidify range-bound trading heading into Thursday’s December WASDE report from the USDA. The weekly Export Inspections report issued a bullish surprise for soybean inspections, which were only down 5 percent from the prior week, well above expectations. Corn and wheat inspections were neutral with corn shipments falling below what was needed to keep pace with USDA’s forecast while wheat shipments exceeded their requirement by 1 Mbu. Soybean ship...
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.