Except for corn, the CBOT was mostly lower on Friday with the soyoil market plugging to limit-losses and pulling soybeans lower as well. Wheat futures continued to see follow-through selling on yesterday’s technically disastrous trade but posted small gains at the day’s end. Funds were modest net buyers in corn for the day while selling heavy volume of soyoil and soybeans. Funds are thought to have been relatively flat the wheat market with fresh short selling partly offset with short covering at technical support levels. The market continues to prepare for next week’s USDA reports, where the agency is expected to forecast U.S. corn plantings of 93.21 million acres, up from last year’s 90.819 million actual ac...
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.