Dec 24 Corn closed at $4.06/bushel, up $0.0125 from yesterday's close. Dec 24 Wheat closed at $5.785/bushel, down $0.0075 from yesterday's close. Nov 24 Soybeans closed at $10.1075/bushel, up $0.1025 from yesterday's close. Dec 24 Soymeal closed at $323.2/short ton, up $3.2 from yesterday's close. Dec 24 Soyoil closed at 39.79 cents/lb up 0.49 cents from yesterday's close. Oct 24 Live Cattle closed at $178.025/cwt up $1.075 from yesterday's close. Oct 24 Feeder Cattle closed at $239.75/cwt up $2.25 from yesterday's close. Oct 24 Lean Hogs closed at $78.9/cwt down $0.85 from yesterday's close. Oct 24 WTI Crude Oil closed at $68.97/barrel up $1.66 from yesterday's close. ...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
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.