Because of current conditons, both Kansas City and Chicago wheat contracts will take price directions from corn contracts for a while longer as it is presently premature for them to assume an upward leadership role.Prices move higher in commodities when market conditions are such that the majority of traders buy either because they expect even higher prices or those holding short positions are forced to exit by purchasing back their contracts. In the short run, neither of those conditions seems to exist at current price levels for corn, wheat or soybeans. Therefore, a limited selloff is expected in the grains and soy complex that could last for a few weeks right into the first of August.The U.S. corn crop is poised to go into pollination wi...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.