May 24 Corn closed at $4.335/bushel, up $0.0675 from yesterday's close. Jul 24 Wheat closed at $5.6675/bushel, up $0.1375 from yesterday's close. May 24 Soybeans closed at $11.505/bushel, up $0.1625 from yesterday's close. Jul 24 Soymeal closed at $343.2/short ton, up $5.8 from yesterday's close. Jul 24 Soyoil closed at 44.94 cents/lb up 0.28 cents from yesterday's close. Jun 24 Live Cattle closed at $175.675/cwt up $0.3 from yesterday's close. May 24 Feeder Cattle closed at $242/cwt down $0.55 from yesterday's close. Jun 24 Lean Hogs closed at $104.825/cwt up $2.125 from yesterday's close. Jun 24 WTI Crude Oil closed at $82.12/barrel up $0.02 from yesterday's close. ...
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...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
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.