The Market With expectations of higher U.S. soybean output this season than officially suggested thus far, new crop positions printed new contract lows this week. With record competing output on the market from South America, the outlook is for increased stock building. On the path lower, November soybeans score a new contract low at 1013/bushel. This despite U.S. soybeans being competitively priced. In fact, Chicago September soybean futures are now 60₵/bushel under Brazil, thus more exports are expected. For the week, November soybeans fell 21.25 cents (-2.02 percent). They are now near long term support and more notable is the 43 percent stair-step decline in volume as the week progressed. Fewer speculators pushing lower reflect expecta...
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.