General Comments Monday's important WASDE looms over the markets, but it was not the only factor in play today. Cash markets, export sales and weather all had some impact as well. Futures markets acknowledged that cash bids for spot supplies of corn and soybeans were on the rise again. Apparently, many users want to obtain ownership of enough physical supplies to carry them through September and are finding it hard to do so in the current price environment.Nearby futures contracts responded by widening the inverse between them and new crop contracts. With open interest below 2,000 contracts and trading volume of less than 1,000 contracts, August soybeans no longer matter in the bigger picture. However, September soybeans jumped to clos...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.