The Market The market got a bump up on Tuesday when it first appeared the Russians had fired at NATO member Poland. Then dropped on news that Russia was not the culprit and instead Moscow conceded to a 120-day extension of the grain corridor agreement. The January soybean contract closed out the week 21.75 cents lower (-1.5 percent), December soymeal gained $3.00 (0.7 percent) and December soyoil lost 4.23 cents (-5.5 percent). Soybeans first broke above $14/bushel on Halloween and had been more or less climbing ever since. Some were even looking for the market to break above $14.85 resistance level. But all eyes are on South American weather for future direction. CBOT speculators have once again cut their net long positions in soybeans,...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.