Looking at recent market action, one might argue that bulls have the soybean market and bears own the corn market. Maybe this is an obvious conclusion beause once the corn market gets by a summer supply squeeze, U.S. corn supplies appear headed for a record-high level. And on the contrary, U.S. soybean supplies will tighten significantly as the drought-reduced South American soybean production leaves U.S. soybeans to fill world demand at least until March 2013.Lost in the push/pull between corn bears and soybean bulls is the changing role being played by wheat. Simply put, it appears that wheat is quietly replacing corn as the market leader among grains. Evidence of this is the price action of wheat and corn futures during May. From 1 May...
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt imported about 28.4 percent of maize exports, or about 1.7 million MT. Iran was the third-largest importer at 14.5 percent, or 900,000 MT, fol...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
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.