Dec 24 Corn closed at $4.2825/bushel, down $0.0425 from yesterday's close. Dec 24 Wheat closed at $6.035/bushel, down $0.1175 from yesterday's close. Nov 24 Soybeans closed at $10.46/bushel, down $0.1 from yesterday's close. Dec 24 Soymeal closed at $332.5/short ton, down $7.9 from yesterday's close. Dec 24 Soyoil closed at 44.53 cents/lb up 0.89 cents from yesterday's close. Dec 24 Live Cattle closed at $186.4/cwt down $1.3 from yesterday's close. Nov 24 Feeder Cattle closed at $248.125/cwt down $0.425 from yesterday's close. Dec 24 Lean Hogs closed at $76.4/cwt down $0.35 from yesterday's close. Nov 24 WTI Crude Oil closed at $73.6/barrel up $3.5 from yesterday's close. ...
What Matters Today... Fed holds rates steady as inflation uncertainty tied to the Iran conflict pressures equities and supports broader commodity risk premia Biofuel demand accelerating globally, with U.S. imports of used cooking oil and strong soyoil demand reinforcing upside across the soy c...
Russian Grain Markets: 20-24 April 2026 During the week in review, the Russian grains market remained volatile with a broadly bullish undertone. However, it remains too early to determine whether this shift is being driven by geopolitical factors or short-term positioning. The market continues...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
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.