General Comments It has been an interesting few days for the CME. First, the ICE's foray into grain and soy markets with all electronic trading for 22 hours a day beginning 14 May forced CME to announce that they too were going to a 22-hour electronic trading day also beginning 14 May. Exchanges can initiate such changes themselves, but CFTC reserves the right to review the decision and change or cancel it if it chooses to do so. Exchanges are required to submit the paperwork for self-initiated changes 10 days before the effective date of the change.In the rush to counter the ICE's move, the CME has not put the paperwork together in time to meet the 10-day requirement, and thus it has been forced to delay the beginning of its 22-hour tra...
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
What You Need to Know Today: Corn and soybeans were under heavy selling pressure as weaker (or at least as-expected) export demand runs into an accelerating harvest pace with more grain available in the spot market. Corn and soybean harvest progress remains below average across the U.S., espec...
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.