Early morning gains gave way to afternoon losses in the CBOT markets while livestock futures were steady/higher. The weather remains moderately bullish row crops. This weekend’s weather was unusually hot and dry across the U.S. Midwest and Southern Plains. Unfortunately, this looks to be the first of several such spells, with hot weather again returning at the end of this week. While late-May heat correlates poorly with eventual corn and soybean yield losses, the present weather pattern suggests the summer will be hotter and perhaps drier than ideal. Elsewhere in the world, the Black Sea remains under a warm/dry spell while the spring wheat crop in Russia is too cool/wet. To date, approximately 60 percent of Russia’s spri...
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.
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...