The Market Early August delivered cooler air and rain showers, setting up good survival conditions for what is expected to be a return of heat and dryness, particularly to the west, over the coming week. The market reacted to the prospect of no rain for the next 10 days during a critical pod filling stage. November soybeans gained 45.75 this week. Perhaps betraying the dour news about China's economy is rising soybean values in the Middle Kingdom. September soyoil gained 4.16 cents and is priced at 68.29/pound, the highest thus far for the year. Oil demand is driven by biodiesel, and it has pushed crush margins to nearly $4/bushel. Soymeal is along for the ride, adding 30-cents this week to the December contract for a value of 389/S...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.