Dec 26 Corn closed at $4.7525/bushel, up $0.0225 from yesterday's close. Sep 26 Wheat closed at $6.78/bushel, up $0.04 from yesterday's close. Nov 26 Soybeans closed at $12.2275/bushel, down $0.035 from yesterday's close. Dec 26 Soymeal closed at $327.3/short ton, up $3.5 from yesterday's close. Dec 26 Soyoil closed at 71.63 cents/lb down 0.5 cents from yesterday's close. Oct 26 Live Cattle closed at $223.225/cwt down $0.075 from yesterday's close. Aug 26 Feeder Cattle closed at $349.55/cwt down $2.45 from yesterday's close. Oct 26 Lean Hogs closed at $88.125/cwt up $0.4 from yesterday's close. Sep 26 WTI Crude Oil closed at $84.64/barrel up $0.3 from yesterday's close. ...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan has just held its first meeting of the Committee on GM Corn. The Committee was established to "undertake an objective, science-based, and evidence-driven review of Pakistan’s policy regarding the commercialization o...
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.