All markets gradually succumbed to moderate selling pressure as the day wore on. Corn, wheat and soybeans were all lower by noon. It was also the last trading day of the month, which brought some additional selling. General Comments There was light pressure on corn and wheat overnight, while soybeans again showed some strength. All markets gradually succumbed to moderate selling pressure as the day wore on. Corn, wheat and soybeans were all lower by noon. Yes, even soybeans.There wasn't much friendly news around the markets to end this holiday-shortened week. The Northern Plains had a good week of planting before this weekend's rains will shut it down again. One-three inch rains could be widespread across the Dakotas and western Minnesota...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
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...
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.