The CBOT was mostly higher for the day with corn and wheat finding small gains on light buying interest while soybeans jumped higher on export demand and a rally in soyoil. Soyoil futures were nearly 3 percent higher for the day with noted bull spreading in a likely sign of commercial demand. Fresh fundamental news was light for the day beyond the Export Inspections and Crop Progress data, and traders continue to position for Wednesday’s WASDE report. USDA is expected to leave its U.S. corn supply and demand estimates mostly unchanged from October while analysts are more concerned about possible yield, production, and ending stocks cuts for soybeans. A smaller soybean crop is all the more significant with weather challenges persisting...
What You Need to Know Today: End-of-month profit taking sent the CBOT broadly lower, though corn and soybeans managed to post small gains to continue their rallies. Turkey’s foreign ministry claimed to have a plan to ensure safe passage for both Ukrainian and Russian grain vessels via th...
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
Key Takeaways: Corn and soybean prices rallied sharply last week as declining U.S. production expectations collided with strong demand, raising the prospect of tighter supplies and leaving the market with a smaller margin for further yield losses. The USDA’s lower August yield estimates...
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.