Grain and soy prices continued to languish in the red during much of the day session. January soybeans were down 12 cents at one point and well below technical support before a surge of soybean buy orders late in the session pulled prices up enough that they closed in the green. General Comments At this writing, the U.S. Dollar Index is higher again as is gold. U.S. stocks area also higher, although barely so, while crude oil is up slightly at over $67 and copper is lower.The CME overnight session saw grain and soy prices trade lower in quiet trade. Wheat was the biggest loser due to indications from the Russian government that it had no plans to intervene in wheat exports. Fears of some sort of Russian quasi-export embargo on wheat had s...
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.