The CBOT opened sharply higher Sunday night as continued forecasts for dry weather across Brazil remain nothing but supportive for futures. Soybeans and corn gapped higher at their Sunday night opens and soybeans subsequently traded to key resistance at $12.00 while corn tested its contract highs. The day session saw profit taking develop in the soy complex as those markets remain overbought. That long position liquidation ran into end-user pricing activity and some commercial buying as well. The day subsequently evolved into a battle between fund selling and end-users happily buying on breaks. One gets the impression that physical markets are sufficiently strong that end-users are adjusting pricing expectations higher while funds ar...
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.