Corn Market After the release of new corn export licenses, the government began authorizing specific requests from each trading house. More than 0.8 MMT were approved on 14 September. It is important to note that trading houses were unsure about how many licenses they would receive. As soon as trading houses start receiving their corresponding licenses, they will cover their shorts and then start to offer FOB. Corn FOB Market More than 250,000 MT of corn were traded as October at -80 CZ. November and December were worth -73 CZ. Trades for November were at -65 CZ after that, with premium firmness currently being seen. Because of the CBOT's big losses on Monday and Tuesday, corn futures went down about 40 cents/bushel. There currently ar...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.