Dec 24 Corn closed at $4.1375/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.705/bushel, up $0.1175 from yesterday's close. Nov 24 Soybeans closed at $9.6525/bushel, down $0.0875 from yesterday's close. Dec 24 Soymeal closed at $301.8/short ton, down $3 from yesterday's close. Dec 24 Soyoil closed at 42.8 cents/lb up 0.11 cents from yesterday's close. Dec 24 Live Cattle closed at $187.95/cwt down $1.325 from yesterday's close. Jan 25 Feeder Cattle closed at $244.025/cwt down $2.925 from yesterday's close. Dec 24 Lean Hogs closed at $82.825/cwt up $2.2 from yesterday's close. Dec 24 WTI Crude Oil closed at $67.19/barrel down $0.19 from yesterday's close. ...
The US election is over, but the market’s debate is just beginning. A shift in Washington’s balance of power is changing policy expectations, while developments involving Iran and an early decline in the dollar are adding to the uncertainty. Now traders must decide how much of that...
Key Takeaways: The 2026 U.S. Midterm elections surprised many pundits and have created significant changes in how agriculture and major agricultural production states will be represented in Congress. Details on how candidates expect to address agricultural issues are still limited, and no offi...
Key Takeaways: Japan’s mountainous geography and limited farmland constrain domestic agricultural production, while its highly developed economy and substantial purchasing power make it one of the world’s most important agricultural import markets. Japan’s calorie-based food...
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.