The Market The soy complex continues its trek lower with November soybeans down 34.1 cents (-3.4 percent) thus far this week, December soymeal down $2.70 (.86 percent) but rebounding the last two sessions, and December soyoil losing 2.61 cents (-6.3 percent). Comparing historical carryout and stocks to use with pricing, soybeans should be at a bottom on an inflation adjusted basis. Still, the bottom line is that Midwest weather has been near perfect and more pod growing moisture is on the way. Big crops on average get bigger (a farmer in Georgia hit a new record of 218 bushels/acre) and some think carryout could rise another 7 percent above USDA’s August WASDE number. Prices are already at four-year lows and a higher carryout would e...
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.