GOOD MORNING Prices are mostly higher with beans in the lead this morning as the markets attempt to define trading ranges heading into the December 10 WASDE. Beans are higher on the talk that China has returned on the break as a bean buyer, and perhaps corn for a later time-slot. Gulf bids are also slightly higher indicating some demand around. The end-of-month money flush could be behind us, as the market returns its focus to demand and weather. The break also alleviated overbought bean and meal positions, bringing them more into balance. Funds remain long everything but wheat, though it was the wheat market that led the way higher in yesterday's trade. Only wheat has the generous stocks-t...
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.