The CBOT finished a volatile week on a high note with corn finding support from a fourth consecutive daily export sales announcement. China booked 0.8 MMT of corn, bringing this week’s known purchases along to 3.8 MMT. The soy complex was higher as well with support coming from yesterday’s selloff to trading range lows. Bull spreading continues to be a favorite trade, which is keeping deferred futures pushed down near trading range lows. Funds were surprisingly large net buyers of corn through Tuesday, according to the latest CFTC data. WPI’s analysis also shows that funds now hold a five-year record large share of open interest in that commodity. Funds were modest net sellers in the soy complex while also liquidati...
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.