There is not much to say about today’s grain and soy futures markets. Traders are cautious ahead of tomorrow’s November WASDE, much as they should be even though no fireworks are expected. The market consensus seems to be that the yield, production and ending stocks for corn will be raised slightly and that for soybeans will be lowered slightly. None of the expected changes would be big enough to materially change the overall supply/demand outlook in market-moving ways. The relatively slow pace of corn and soybean exports might cause USDA analysts to lower those 2017/18 estimates somewhat, which could add to ending stocks of corn and offset most or all of any decline in soybean supplies. Any other supply/demand changes are expec...
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.