As expected, markets were all basically unchanged overnight in light trading volume ahead of today’s series of major USDA reports. That calm tone then changed immediately upon their release (see separate analysis for details). No need to look at the reports anymore as the market’s swift reaction tells the story. Soybeans soared higher, wheat crashed lower, and corn was stuck in the middle, which is pretty much how the day finished. In the meantime, most eyes continued to watch the U.S. equities markets push sharply higher again today and (of course) into new contract highs. Reports say this is the strongest sustained rally in more than a dozen years. Crude oil was also strong again for the fourth consecutive week, trading above...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.