Rumors of Chinese buying supported soybeans and SRW wheat futures on Monday and sent both contracts to new rally highs. For soybeans, the biggest news drivers were details that the White House shared about China’s soybean purchase commitments and China’s confirmation that it will su...
Corn Argentina’s corn planting advanced 1.2 percentage points last week, reaching 35 percent of the projected national area. In the central agricultural region, early planting is nearly complete, while some areas in the central and southern parts of Buenos Aires province still need...
Regional News The European Union has threatened Poland, Hungary, and Slovakia with legal action as the three nations have adopted unilateral bans on the import of Ukrainian grains. Milling Wheat Wheat markets adopted a firmer tone last week as CBOT futures rallied on speculati...
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.