Today’s grain and soy markets could be described as in the holiday doldrums, but they have been in that state since long before the season’s approach. Overnight trade was slow, producing limited volume and mixed results. Markets traded on both sides, but prices were never far from yesterday’s closes. Soybeans and wheat were down a penny or so, and corn was up slightly at the recess. During the day session, the latter again traded both sides - when it traded. Corn prices are at the low end of the long-time trading range with no sign of going anywhere, but they at least managed to close in the green by a half-cent or so after a 2-cent trading range. Soybean futures were pressed by funds apparently giving up on their long po...
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.