Despite Friday’s bullish, post-WASDE turnaround, the CBOT posted steep losses on Monday with corn and soybeans leading the way. Ag futures markets were largely under pressure from favorable U.S. weather over the weekend and China’s poor economic data. Corn and wheat recovered some of their losses heading into the close, but soybeans and the broader soy complex struggled to find much support. Funds were net sellers for the day, but the low-volume nature of Monday’s trade suggests they have still expanded their net long in corn and soybeans after Friday’s buying. The weekly Export Inspections report was bearish all three commodities, with inspections falling from the prior week and missing their target volumes...
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.