Grain and soy prices tried to recover at least some of their losses following yesterday’s WASDE. Overnight trade saw prices inch higher in quite low volume with wheat and soybeans up about 2 cents and corn up a half-cent to a penny. The same trends prevailed during the day session amid continuing low volume. Price movement was slow and limited. January soybeans managed just a 5.5 cent trading range, and corn traded within a 2.25 cent band. Wheat was today’s price leader, posting the biggest gains of 3.5-7 cents and the widest trading ranges of 5.75-6.25 cents. At the close, soybeans were up 3 cents or more with meal up $1.70-2.20, but soyoil slipped 14-25 points lower. Today’s price action lacked enthusiasm, to put it kind...
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.