The market remained on its relatively bearish trend today with managed funds selling while many fundamentalists believe they will just have to eventually buy them back but at higher prices. Farmers worldwide hate selling into a declining market and their reluctance creates angst in the futures/cash spread. So much is related to the weather and while the forecast for rains is more bearish than the past few weeks, the actual coverage and amounts are left to be seen. More importantly, the western side of the production belt will likely be missed and weather is far from perfect – just ask farmers in the far north and in the Delta. For those areas about to receive heavy rains, there will be low lying area ponding. Then there is the...
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.