THE OPEN July beans: 6 3/4 higher July meal: 1.70 higher July soyoil: 11 higher July corn: 2 3/4 higher July wheat: 1 1/4 higher The markets opened in line with trade expectations, with oilshare leaking lower and beans printing new highs for the move up. Meal prices were steady but confined to recent ranges. Grains turned two-sided into the early part of the session, with funds returning as net sellers at the open. Buy beans/sell corn trade emerged at the open, with pullbacks in the bean market holding nicely. End -users remain patient as the main trends are still lower, and prices for the most part remain at the lower end of ranges. Frost concerns are now in the rear...
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.