Markets pushed higher for the most part a second day in row, boost by a competitive pricing situation and strong exports. Funds have had to reverse the selling they committed earlier this week. China has not only purchased a lot of soybeans but may have added a cargo of U.S. wheat to the large lots of milling wheat purchased from the French. To temper its own domestic corn shortages and imports of U.S. corn, Beijing advised feeding livestock with wheat and rice and so unsurprisingly they now need to replace food grains. Based on the current harvest and healthy yields, U.S. crops are competitive and should start to lead on filling global supply chains. Despite this dynamic, CFTC data shows that speculators increased their short posit...
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...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
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.