General Comments A sell-off in grain and soy markets after the recent big rally has been overdue, and a "Turnaround Tuesday" was the perfect opportunity for it. Grains were under selling pressure early and never traded as high as yesterday's closes. Soybeans opened a little higher and traded as much as 5 cents higher before the downward pressure from the grains took it into the red, where they stayed. Soymeal and oil also traded higher before heading south. Some traders were buying soyoil and selling meal to unwind spreads put on when strong soymeal demand supported crush margins.Although wheat, corn and the complex all finished with big losses, trading volume was actually rather light. Much of the selling came from non-commercials exiti...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.