Soybean futures were slightly lower much of the night session, but reversed that trend and traded slightly higher most of today's session. The only bullish news was that weekly soybean export inspections were again very big at 1.5 MMT (55 million bushels). General Comments Markets were again quiet in the Sunday evening session with soybeans slightly lower, and corn and wheat slightly firmer. That was exactly reversed when today's session opened with soybeans firm, while corn and wheat were weak. There just wasn't/isn't much news around these days to push prices one way or the other. Weather remains mostly good in South America, and it appears the vessel lineup in Brazil is slowly starting to increase. Weekly export inspections were again...
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.
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...