Ten days ago, virtually every weather outlook for August looked threatening. However, changes in weather models that started last week have softened the market's view. One issue remains, though, and there are plenty of opinions. Ten days ago, virtually every weather outlook for August looked threatening. August is, after all, the most important month for soybean yield development. The six-10 and eight-14 day forecasts were still looking hot and dry for most of the western Corn Belt and northern Plains. The National Weather Service’s long-lead forecasts of 20 July were also calling for above-normal temperatures with normal to below-normal rains for the same specified areas.All those weather models started to change last week with below to mu...
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.