General Comments Overnight trade in grains and soy took a cue from yesterday's late price recovery and started out higher. The mini-rally faded some during the early morning hours and faded some more before the overnight session closed. Whatever carryover enthusiasm there was for the grains was drained in the day session after an early rally attempt failed to gain traction. The exception was the soy complex, led by soyoil. Strength in palm oil set off a short covering rally in soyoil yesterday that continued on just as strongly today. Soyoil was up more than 100 points at session highs today. A late sell-off took prices back down, but soyoil still managed to close up more than 60 points. December soyoil has gained 126 points in the las...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.