General Comments It was soybeans versus the grains in today's market action. Grains fell rather hard and soybeans stayed in positive territory, although they did close well below session highs. Non-commercial selling pummeled wheat, triggered by forecasts of rain for parts of Russia and by harvest reports from Kansas that were not as bad as feared. The dollar moved to a 22-month high against the euro, and this did not help commodity markets in general. Most commodities closed lower today. WTI crude oil was up about $1.50 but quickly headed south when the dollar suddenly posted a sharp gain. WTI crude wound up closing down 10 cents at $90.76. Gold dropped about $20.The dollar jumped higher when a small European rating agency downgraded it...
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.