THE OPEN Nov beans: 7 higher Dec meal; 2.70 higher Dec soyoil: 2 higher Dec corn: 1 higher Dec wheat: 1 1/2 lower Prices opened firm amidst more short-covering activity in front of the USDA report, which started in the corn market where the largest short position is located, as well as chatter about more Chinese bean purchases with 1-2 mmt of the tariff free quota being purchased. Minneapolis wheat once again opened with a very firm bid as more adverse weather crosses the Northern Plains this week, and weather problems continue in Australia and Argentina. Chicago wheat became the sell-leg in early trade against Minneapolis and corn, with funds carrying a mostly even position and a higher...
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.