The CBOT once again opened as called with strength across the board. At one point this morning, every major ag commodity was in the green. By day’s end, however, corn, soybeans, and soymeal were able to maintain their strength while wheat, soyoil, and the livestock contracts turned lower. New trading highs were posted in corn, KC wheat, and soymeal. Funds were net buyers in corn, soybeans, and Chicago wheat. A report from Bloomberg cites Chinese officials as saying they have “no plans” to intervene amid the surge in corn prices. Corn prices in China have rallied sharply as the country suffered fall army worms, flooding, and typhoons. Officials say the harvest is reportedly 80 percent complete and will be finished by...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.