Trade at the CBOT on Wednesday was dominated by two factors: global weather and preparations for the October WASDE report, which will come out on Friday. The weather was mostly relevant for wheat as parts of Russia, Ukraine, Australia, and the U.S. Plains battle persistent and increasingly dry weather that is damaging the 2025/26 crop outlooks. Additionally, weather forecasts for central Brazil and Argentina offer a wetter outlook for the next two weeks, but model runs are inconsistent so far. Beyond the weather, traders were mostly content to adjust positions for the October WASDE, where USDA is expected to lower the corn ending stocks and soybean production numbers slightly. Funds were net buyers for the day but are still mostly content t...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.