The soy complex continues to defy the calls for its demise. No one is certain what triggered today's round of buying, but it was effective and pushed soybean futures to 30+ cent gains following last week's very weak technical closes. General Comments It wasn't supposed to be this way today. Crude oil broke below $50 for the first time since April 2009, the U.S. dollar was strong and markets had failed last week, creating a weak technical outlook. Opening calls Sunday evening were lower. However, corn, wheat and soybeans opened very firm and really didn't look back for the rest of the night session or today. Wheat was the early leader, based on some cold weather concerns, but the soy complex took over today and just would not break. USDA a...
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...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.