THE OPEN Jan beans: 1 lower Dec meal: .40 higher Dec soyoil: 22 lower Dec corn: 1/4 lower Dec wheat: 1/4 higher The markets opened as called but grains traded higher on the day on short-covering led by wheat futures first, with spill-over short-covering in corn. Dec soyoil prices continue to head lower on profit-taking following weaker palm oil prices. Bean prices broke to new lows on liquidation. Lower prices turned mixed as Trump addressed the Economic Club of New York, reiterating that the economy remains strong. He furthermore stated that a trade deal could happen soon based on a deal good for the whole of the country and its workers, but if the US is unable to make a deal with China then his ad...
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.