Soybeans did not beat corn after all in the annual battle for acres. USDA’s Acreage report this week revealed that 88.33 million acres will be planted to soybeans, which is up 1 percent from last year but down nearly 3 percent from the implied sowing in the March planting intentions report. Now the hunt is about weather, which is slightly improved as showers move into the Midwest next week. A record crop is expected despite the drop in area planted. Ukrainian sunflower production at 9.5 MMT is down 46 percent from last year, but it has begun to move more aggressively into export. Sunseed exports have now surpassed 1 MMT, and there are larger sunseed crops being grown in Bulgaria and Romania. The situation in China has become m...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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.