May 25 Corn closed at $4.8125/bushel, down $0.0375 from yesterday's close. May 25 Wheat closed at $5.42/bushel, down $0.055 from yesterday's close. May 25 Soybeans closed at $10.36/bushel, down $0.0575 from yesterday's close. May 25 Soymeal closed at $294.2/short ton, down $2.9 from yesterday's close. May 25 Soyoil closed at 47.33 cents/lb up 1.01 cents from yesterday's close. Jun 25 Live Cattle closed at $199.8/cwt up $0.725 from yesterday's close. May 25 Feeder Cattle closed at $282.525/cwt up $1.575 from yesterday's close. Jun 25 Lean Hogs closed at $95.175/cwt up $0.05 from yesterday's close. May 25 WTI Crude Oil closed at $61.52/barrel down $0.01 from yesterday's close. ...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
New Trade Agreements U.S. and Indian officials say that bilateral trade negotiations are progressing on a comprehensive deal to expand earlier completed chapters on market access, NTBs and purchases. Prime Minister Narendra Modi has become more free trade oriented since consolidating his power...
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.