Grains seemed neglected during the overnight session as witnessed by a very light trading volume. After a slow and mixed start, the day session saw more trading interest, which is to say, more selling interest. Wheat led the way south with corn tagging along. General Comments The May contracts expired quietly at noon (CDT) today. Virtually all of the positions in the May contracts for grains, soybeans and soy products were already closed out yesterday, leaving only a minor amount of open interest remaining to be liquidated today. May corn began today with the largest remaining open interest, and it was only 357 contracts. We wonder if there is a message in the fact that the May contracts for corn, soybeans, CME wheat, KC wheat and MGE whe...
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.