THE OPEN January beans: 1/2 higher December meal: 1.70 higher December soyoil: 31 higher December corn: 3/4 higher December wheat: 4 lower The markets opened with bean and meal prices placing new highs after the open as the inverse steepened, followed by new highs in beans and corn. Funds continue to purchase out of the gate as technical strength continues and setbacks remain shallow. Bull spreads for corn, beans, and meal remain firm as the market calls for more supply to fill export pipelines. Today's higher prices seemed to find increased movement and profit-taking by the noontime hour. Solid bean and corn sales were constructive for this morning's early rally,...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.