THE OPEN March beans: 24 higher March meal: 4.10 higher March soyoil: 76 higher March corn: 3 1/2 higher March wheat: 12 higher The markets opened as expected with wheat setting new contract highs and other markets adding back gains on the back of technical strength. As long as South American production estimates are being lowered, bean prices will be supported. NOPA crush was at a record, and still dry conditions in South America helped prices to snap back. However, positive technical signals and cash inflows into commodities, (and beans specifically), pushed prices to achieve new contract highs. Beans gain over corn as an attempt to lure acreage away for the 2021 planting...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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...
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.