The U.S. government did partially shut down at midnight (EST) Friday night, but Congress then reached an agreement today to extend government funding through 8 February. This Washington problem didn’t have any apparent impact on the markets today despite the closure of most government offices. USDA did release the weekly export inspections data (see chart below). Corn and soybean loadouts were better than expected, and wheat shipments were also good. Grain and oilseeds markets traded higher overnight, led again by soybeans and soymeal. Overnight volume was good. Some areas in the far northern part of Argentina had very heavy rains that caused some flooding. However, there wasn’t much over the rest of the country, and the foreca...
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.