CBOT grain markets were higher to start the week while the soy complex drifted lower amid little fresh news and a lack of international buying interest. Corn received support from follow-through buying based on last week’s ProFarmer yield estimates as well as additional reports of poor corn yield potential over the weekend. Ukrainian forces started an offensive in the southern part of the country that, combined with last week’s strength, was believed to be responsible for wheat futures’ rally. Heading into the fall, the world markets seem to be realizing that wheat and feed grain supplies are not as ample as previously thought while long-term oilseed demand remains opaque. The weekly Export Inspections report leaned...
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.