The CBOT posted a Turnaround Tuesday with corn, wheat, and the entire soy complex pushing higher after the recent weakness. Soybeans and soymeal led the rally as spot demand for both commodities is rising and a 2+ percent rally in crude oil helped pull soyoil futures higher as well. Grains were not left behind, though wheat traded a lethargic inside day on the charts, and corn futures managed to largely hold their own near technical support. Funds were slight net buyers for the day and largely covered portions of short positions heading into the USDA’s acreage, grain stocks, and export sales reports on Thursday. The Wall Street Journal this afternoon reported that Turkey has finally agreed to allow Sweden and Finland into NATO,...
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.