There was not much incentive to buy/sell grains or the soy complex during the overnight session with the December WASDE looming a few hours later. As a result, prices barely moved. Corn was up a fraction, soybeans were down a fraction, and Chicago wheat gained a penny. After the trading recess, grain and soy prices remained stuck until the WASDE’s noon (EDT) release. Soon after it came out showing a small reduction in ending U.S. corn stocks and small increases in ending soybean and wheat stocks, corn futures were up over 2 cents and soybean futures down 2 cents with both expanding their pre-report trading direction. Chicago wheat was up a penny, which was just about where it was ahead of the report. Reaction to the WASDE did not las...
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.