Dry weather this past weekend across northern Argentina and southern Brazil put ag futures markets in a bullish mood heading into the WASDE. Soybean and soymeal futures surged to new highs on the scattered weekend rains and the outlook for more hot, dry weather in the coming weeks. Wednesday’s WASDE is expected to see USDA cut the South American crops substantially and traders are positioning for a bullish report. Corn and wheat futures traded higher, with corn finding support from expectations of cuts to the Brazilin and Argentine crops in Wednesday’s USDA report and wheat largely rallying based on technical and spillover buying. The weekly Export Inspections report once again featured corn and wheat shipments missing th...
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...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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.