Mar 25 Corn closed at $4.875/bushel, down $0.0775 from yesterday's close. Mar 25 Wheat closed at $5.8275/bushel, down $0.05 from yesterday's close. Mar 25 Soybeans closed at $10.495/bushel, down $0.11 from yesterday's close. Mar 25 Soymeal closed at $301.4/short ton, down $5 from yesterday's close. Mar 25 Soyoil closed at 45.98 cents/lb up 0.58 cents from yesterday's close. Apr 25 Live Cattle closed at $196.775/cwt up $0 from yesterday's close. Mar 25 Feeder Cattle closed at $264.9/cwt down $0.4 from yesterday's close. Apr 25 Lean Hogs closed at $92.15/cwt up $0.4 from yesterday's close. Mar 25 WTI Crude Oil closed at $71/barrel up $0.39 from yesterday's close. ...
Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...
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.