The Market It was another week of losses in the soybean pits, but with much shallower declines than last week. November soybeans dropped 0.7 percent and are now at their lowest price in three months. While December soyoil took the biggest cut last week, it fell just 0.8 percent this week. The honor for holding up the basement goes to soymeal with the December contract giving up 2.3 percent. Product pricing has now weakened as well. Soybean stocks are tight and will remain so but export commitments are down 32 percent from last year at this time. The drop in exports fuels the rumor of washouts. There is also the concern that USDA next week could raise its soybean production and stocks estimates as the crop survived the hot, dry summe...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.