GOOD MORNING, Weaker macro markets, overbought conditions, and too long funds are resulting in lower markets across the board, and perhaps one of the best turns from the top that we have seen since the rally started. Losses this AM are significant enough to suggest that potential tops are in place. Price action started to break down shortly after 1:00 in the morning to current AM lows. A "calmer heads prevail" attitude traversed the grain and soy complex yesterday, with a net of new contract highs followed by a low volume weaker close. For beans, tensions between China and the US, better weather in SA, and what seems to be a bit of space in the pace of Chinese buying activity prompts profit-taking behavior.&n...
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.