The soy complex was the upside leader Wednesday with dry weather in South America sparking a 20-cent rally in soybean futures. Soyoil was helped higher by palm oil futures and the entire soy complex saw noted fund and end-user buying. Corn futures traded higher, helped by the soybean rally and expectations of tighter ending stocks in the November WASDE. Corn also benefitted from bull spreading against wheat, which kept the latter grain on the defensive for the day. Rumors are circulating that Chinese officials have told importers to suspend wheat purchases from Australia. That should help keep the U.S. export program moving. Markets continue to watch the U.S. election outcomes, for which a winner of the Presidential race has not yet been c...
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.