Corn DEMAND CONTINUES TO APPEAR The Argentine corn market continues to have a lot of movement. In previous reports we mentioned that nearby demand was mostly covered; however, interest in the spot market suddenly appeared. During the past few days, several trades were reported for May shipment. At least 250,000 MT of trades were heard in the FOB market, and there is further demand.At the end of last week, the market traded at -33 CN and -29 CN for Upriver. As demand remained there, basis levels began to firm again. This took offers to -15/18 CN and demand to -25 CN for 25,000 kilogram cargoes; there was a premium for 40,000-45,000 kilogram cargoes. The demand was typical consumer demand. Buyers have been waiting as basis levels dropped...
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.