General Comments Recall how prices sold off going into the November WASDE, only to realize that bearish anticipation was perhaps exaggerated. A repeat may presently be occurring in anticipation of EPA adjusting down its mandates of future ethanol consumption. As a result, the new rule of thumb for savvy traders seems to be, "Sell the rumor, buy the fact". The opportunity may be created by traders who currently hold winning short positions and find it difficult to take profits prior to the December corn contract returning to its recent lows. (Many speculative traders find it more difficult to remember another popular trading phrase, "Pigs get killed.")There is already a general expectation that EPA will moderately reduce the mandate for...
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.