While wheat gave back another big chunk of its recent days’ gains, soybeans and corn kept the rally going. However, volume was muted, except in the SRW contract where abandonment was large. The message is complex. Wheat prices in the wake of war went off kilter. There is not a huge global wheat shortage. By contrast, there are continued adjustments lower in South American soybean and corn supplies at the same time export sales today were robust. Barely mentioned but seemingly important, the Russians allowed about 30 of their grain and sunflower oil ladened ships to sail out of the Azov Sea. Mind you, Ukrainian supplies remain bottled up and could remain that way for a while, but there is also a sense that a long game doe...
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.