THE OPEN January beans: 1 lower December meal: 1.20 lower December soyoil: 20 lower December dorn: 3 lower December wheat: 6 lower The market opened lower as called with more selling again. Oilshare was weaker as meal prices bounced back from early losses on continuing solid crush margins, while soyoil lost its stabilizing mojo due to its affiliation with weaker energies. Wheat prices lost to corn, while beans seemed to lose to corn for much of the morning. Corn was able to bounce back from morning export sales, but nervous longs were also there to sell small bumps upward. In morning announcements, the International Grains Council (IGC) forecast corn production down 4...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.