Wheat actually traded higher much of today's session on news that Saudi Arabia did buy 345,000 MT of optional origin hard wheat. However, it couldn't withstand the selling pressure in the corn and soybean markets and turned lower just before noon. General Comments Markets were steady to soft at the beginning of this holiday-shortened Thanksgiving week in the U.S. Trading volume overnight and today was very light. Markets will be closed Thursday and not open again until Friday morning before closing at 1pm (EST) that day.There were some export announcements from USDA this morning that included 235,000 MT of soybeans, 174,000 MT of soymeal and 116,000 MT of sorghum.U.S. financial markets showed very small gains for most of today's session...
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.