GOOD MORNING, Prices are mixed this morning, higher for everything but meal. As we head into the end of the trading year the markets continue to remain well bid, with soyoil futures making new contract highs once again this morning, and oilshare moving to new highs as well. March soyoil gapped higher yesterday and continued its trek upward throughout the day. Strong demand from China combined with more buying activity from India and Pakistan fueled yesterday's rally. Strong oilshare was always supposed to be a 2020 story, but it has put on a good show upward over the last several months without a reversal sign in sight. Funds are net long wheat and it too is back to the upper part of its trading range.&...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.