General Comments It was (again) a very quiet overnight trading session with small gains in wheat and small losses in corn and soybean futures. The day session opened in similar fashion. The U.S. corn and soybean harvests are making progress, but it looks like another wet system will cross the Corn Belt next week and that will cause some delays. It is still dry across key regions in Argentina, but there is an increased chance of rain in the forecast for the last half of next week. That has been the case for the last month, but those wetter forecasts have yet to materialize.U.S. financial markets were mixed early in the day but did gradually strengthen and closed higher. Crude oil and the dollar were both slightly higher.USDA did announc...
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.