The CBOT started out firm again in the overnight session but quickly turned lower once the day session started. The reason seemed to be “sell the fact” trade after the recent weather market rise in prices with traders seeming to think grain and oilseed supplies may be a bit better t...
Over the past decade, Brazilian corn production has grown faster than its output of animal protein, but that may be changing. Brazil’s corn production this year could be down almost 10 percent from a year ago, and USDA’s latest forecast has 2024/25 output down 7.2 percent from 2022/...
Russian Grain Markets: 6–10 May 2024 This year’s spring weather in Russia is abnormal; last week frost was registered across European Russia ranging from Smolensk all the way to Volga Valley. Some nighttime temperatures were as low as minus 12 degrees Celsius which is catastrophic f...
Ocean Freight Comments - 10 May 2024 By Matt Herrington Dry-bulk freight markets were higher this week as the May-Day holiday period has ended and charters are looking to fill needs. China’s expanded iron ore purchases have supported Capesize vessel markets and the Panamax market is follo...
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.