General Comments Markets were steady to higher overnight, led by soybean futures. That trend continued in this morning's session, but wheat lost its gains and eventually traded double-digit losses. The problem stemmed from comments by the Argentine Ag Ministry that last Friday's 8.8 MMT wheat production estimate was only a partial projection. Remember that wheat had a very strong day last Friday.The strength in the soy complex that eventually dragged corn higher is the same story we've been writing about for weeks. Strong demand was followed by very light or slow farmer selling. The bears continue to talk about better corn and soybean harvest yields, but the pipelines are empty, farmers aren't selling and basis levels stay strong.Corn...
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.