More Russian complaints about the Black Sea export corridor agreement overnight helped push wheat higher in heavy volume. Wheat was the only market to see significant trade, however, and the other major ag markets drifted listlessly in low volume. The Kremlin said the outlook for the export deal is “not good” and noted again the “obstacles” to exporting its own grain crops. Russia is apparently angling to get back on the international SWIFT payment system, from which it was removed following the 2022 invasion of Ukraine. Beyond Russia’s statements, there was little fresh news for the grain and oilseed markets and futures largely continued their existing trends. Corn and soybeans saw active bull spreading...
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.