Pondering the combined reports as a whole, we cannot escape the bottom-line feeling that their overall tone is bearish. However, there are several "passages" through which markets must pass that are capable of producing bullish market excitement.USDA's always important January reports have come and gone, and bulls and bears could each claim something by way of support. In fact, there were few real surprises. Probably the two most unexpected factors in the reports were the 2.4 bushels/acre reduction in the average U.S. corn yield and USDA's startling low estimate of U.S. winter wheat planted acreage. It estimates that U.S. wheat growers seeded 40.5 million acres of winter wheat last fall. That is about 2 million acres less than the average t...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.