THE OPEN July beans: 4 lower July meal: steady July soyoil: 35 lower July corn: 1/2 higher July wheat: 1/2 higher The feature of the day was the rally in corn, where a technical turn in the market finally triggered a short-covering rally. Inter-market spread activity continued as traders bought corn on planting delays and forecasts for a ridge, versus tensions between the US/China over Hong Kong. Bean prices broke through key support as soyoil fell in line with a weaker energies trade. A weaker US dollar was net supportive for grains. A ridge forecast for next week supported corn as more shorts sought to cover into month's end. In the long run, the over-sized fund short and...
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.