The stronger U.S. dollar, talk that Ukraine was offering corn below U.S. prices and the overall selling mood in all commodities together eventually pushed corn to moderate losses. There is also a persistent rumor that Ukrainian corn might be headed for the U.S. General Comments Today was Friday the 13th and also the last trading day for March futures. Markets were quiet overnight but turned decidedly lower in today's session with soybeans leading the downward move. Corn and wheat traded higher early before eventually also dropping down by mid-morning. Crude oil was weak as U.S. supplies continue to build. The U.S. dollar just continues to rise. There was a prediction from Goldman Sachs that the euro would drop to $.85 by the end of 2017...
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.