The CBOT started the day sharply higher with support from outside markets, which rallied in celebration of the July inflation data. U.S. inflation slowed in July and was viewed as an encouraging sign that the Fed’s interest rate moves are working to control price increases. Despite early day CBOT strength, however, soybeans and soymeal fell back and posted losses as volatility remains high in those markets. Soyoil, on the other hand, posted a strong, bullish day with support from the energy sector. Wheat and corn settled higher, but the latter market pared its gains heading into the close as a bearish WASDE remains a concern for traders. Fresh fundamental news was light for the ag markets on Wednesday, which left futures to tra...
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.