General Comments It was really just more of the same today. Corn and soybean markets were again weak on softness in old crop basis and weather forecasts that look cool with ongoing chances of rain. Only the August soybean and soybean meal contracts seemed to run out of sellers. There were no export sales announcements today by USDA. The weekly export inspections report showed better than expected wheat loadings at 25.3 million bushels.Outside markets were more or less neutral. Crude oil was unchanged to slightly higher the first half of the day and slightly weaker at the close. The dollar index was slightly higher most of the day but finished slightly weaker. Financial markets were weaker but recovered some of the losses late in the se...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.