The primary bearish factor hanging over the corn and soybean markets is the size of the speculative length. Exiting and rolling of positions by large speculators with long positions is taking place, but forcing them to completely blow at the present time, mid-month and prior to corn pollination seems unlikely at current price levels. General Comments Corn contracts closed about 8 cents lower as traders became excited about a news story that China has suspended imports of distiller grains from the U.S. due to biotech issues. However, that information is not new to the industry and containerized DDGS have been diverted from China to other Asian destination for several weeks. Containerized DDGS prices have declined approximately $8-10/MT 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.