The CBOT was sharply lower at mid-week with favorable weather for the U.S. 2025 spring crops and weaker global grain markets exacting a heavy toll. Notable among the day’s moves were the new contract lows in corn and soymeal and soybeans’ move back below the prices they traded just before the EPA’s RVO announcement two Fridays ago. Funds were aggressively on the short side of the market and continued to either exit longs that are now underwater or pile into short positions. The primary drivers of the day’s declines were favorable weather forecasts for the U.S. Midwest that will establish excellent conditions heading into the key yield-defining periods in a few weeks. The long-lead weather forecasts still show some ri...
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.