The Market The soy complex spent the early part of this trading week adding value, and the latter part shedding it. Bearish was an increase in the forecast for Argentine production. Brazil’s harvest is still uncertain. The drop in both Brazilian basis and U.S. RIN values were ominously bearish. U.S. soybeans are priced the equivalent of $1.70/bushel over Brazil and as a result, export sales are underwhelming. For the week, March soybeans closed out at 1209.25/bushel, a loss of 4 cents of 0.33 percent. That is a shallower loss than the week before. March soymeal lost $7.60 or 2.1 percent to end at 348.9/ST. March soyoil looked like it would similarly close out in the hole but a late rally pegged its value at 46.93/pound. That is an in...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.