The soy complex rallied sharply on Friday buoyed by bullish fundamental factors and strong technical indicators/buying. Malaysian palm oil futures posted a new 10-year high overnight, which lent support to the soyoil market. Corn followed soybeans higher but lacked much enthusiasm. Wheat was the sell leg of corn/wheat spreads and did comparatively little this afternoon. Funds were net buyers in the soy complex and corn, while remaining relatively flat in wheat. Commercial selling was light, and end-users were reluctant buyers on breaks. There is less than one month to go before the practical end of the Argentine soybean/corn planting window. WPI sources say Argentine farmers view 10-15 January as the cutoff date for seeding and just under...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
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.