GOOD MORNING, Prices continue to congest and define their trading ranges. Beans are firmer with reports of China hanging around the bean market once again, perhaps due to the lower export basis last week. Cash markets last Friday were slightly weaker for corn and beans. In terms of reports, we get the October NOPA crush report at 11:00 central time. Advertised expectations are for crush to come in at 177.2 mln bu, (which would be the largest Oct. crush on record), vs. 161.49 mln bu in Sep. Soyoil ending stocks are forecast at 1.448 bln lbs vs. 1.433 bln lbs, and vs.1.423 year ago. Argentina's politics come to the fore, with stalled salary negotiations involving the crusher's uni...
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.