Jul 23 Corn closed at $6.0425/bushel, down $0.06 from yesterday's close. Jul 23 Wheat closed at $6.3025/bushel, up $0.04 from yesterday's close. Jul 23 Soybeans closed at $13.865/bushel, up $0.2325 from yesterday's close. Jul 23 Soymeal closed at $397.2/short ton, down $6.8 from yesterday's close. Jul 23 Soyoil closed at 54.59 cents/lb up 2.09 cents from yesterday's close. Aug 23 Live Cattle closed at $171.85/cwt down $0.4 from yesterday's close. Aug 23 Feeder Cattle closed at $239/cwt up $0.35 from yesterday's close. Jul 23 Lean Hogs closed at $89.625/cwt up $2.425 from yesterday's close. Jul 23 WTI Crude Oil closed at $70.28/barrel down $1.01 from yesterday's close. ...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.