The CBOT was mixed on Tuesday with corn and wheat ending lower on continued fund selling amid bearish supply and demand prospectives, respectively. The soy complex edged slightly higher in a mile correction from Monday’s drubbing and despite forecasts of favorable Midwest rains and weather in the next few weeks. The changes to the weather forecast are keeping grain and oilseed markets on the defensive with funds quickly exiting any lingering longs and jumping to the short side of the market. WPI sees better opportunities for more bullish price action in soybeans this fall than corn or wheat, but the near-term weather forecast will likely constrain rallies heading into the August WASE next Friday. USDA’s June Grain and Oilseeds...
What You Need to Know Today: The surprises from the USDA’s Acreage report were a sharp reduction in winter wheat area from the March Prospective Plantings estimates and a larger-than-expected increase in corn area. The Grain Stocks report offered relatively few surprises, but quarterly d...
On Monday, the Trump Administration suspended the countervailing duties (CVDs) on phosphate fertilizer imports from Morocco via Executive Order. The CVDs were imposed in 2021 by the Biden Administration and were subject to a routine five-year sunset review. According to the Agricultural and Foo...
Key Takeaways: High oleic soybeans produce oil containing 70–80 percent oleic acid, improving stability and eliminating the need for partial hydrogenation, which eliminates trans fats. There are three primary varieties of high oleic soybeans available commercially: Plenish, Vistive Gold,...
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.