May 26 Corn closed at $4.52/bushel, up $0.0325 from yesterday's close. Jul 26 Wheat closed at $6.06/bushel, up $0.0675 from yesterday's close. May 26 Soybeans closed at $11.6575/bushel, down $0.015 from yesterday's close. Jul 26 Soymeal closed at $321.2/short ton, down $6 from yesterday's close. Jul 26 Soyoil closed at 69.3 cents/lb up 1.39 cents from yesterday's close. Jun 26 Live Cattle closed at $246.075/cwt down $1.275 from yesterday's close. May 26 Feeder Cattle closed at $361.1/cwt down $4.175 from yesterday's close. Jun 26 Lean Hogs closed at $101.725/cwt up $0.675 from yesterday's close. Jun 26 WTI Crude Oil closed at $86.95/barrel up $4.36 from yesterday's close. ...
Last week, the Senate Ag Committee passed the farm bill on a party-line vote upon the return of Senators Mitch McConnell (R-Kentucky) and Tommy Tuberville (R-Alabama), who missed the vote on 6 August (see WPI coverage here) when it failed by a similar party-line vote, 10-11. Democrats held the...
Argentina Corn Argentina’s 2026/27 corn planting has reached 11.1 percent of the projected 8.4 Mha, according to the Buenos Aires Grain Exchange, advancing 5.6 percentage points over the past week. Progress is concentrated in central-eastern Entre Ríos, where 58.3 percent of the in...
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.