The CBOT opened on a weaker note following yesterday’s selling pressure but quickly found buying support and traded higher. Soybeans were the upside leader on Friday with soymeal trading higher as well. Soyoil struggled as the sell leg of soy complex spread and wheat traded a mostly weaker day as well. While the corn market closed higher, the day was quiet and saw bulls mostly unwilling to commit to prices near $5.00. The corn market seems content to hold a sideways pattern heading into the January WASDE. Next week’s WASDE report is expected to feature reductions in the U.S. corn, wheat, and soybean carry out for the U.S. balance sheet. Analysts surveyed by Dow Jones expect USDA to trim the U.S. corn carry out by 103 Mbu...
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.