The CBOT was mixed to start the week with wheat futures tumbling to new lows under pressure from Black Sea values and the EU’s recent move to block imports of Ukrainian grain into five key countries. Recent precipitation in the U.S. also kept futures on the defensive and funds remain eager and aggressive sellers and added to their net short positions for the day. Soybeans, on the other hand, pushed higher for the day in follow-through buying from Friday’s reversal with expectations of tight U.S. stocks and a strong crush program this summer supporting values. Corn was caught somewhere in the middle and posted small losses to conclude a day of two-sided trade. Exports and weather remain the primary market drivers. USDA&rsq...
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.