The markets started slightly lower last night but firmed as the session wore on and finished slightly higher. That trend was reversed once today's session began. General Comments The markets started slightly lower last night but firmed as the session wore on and finished slightly higher. That trend was reversed once today's session began with soybeans and corn starting lower and wheat mixed.It has been an unexpectedly volatile week in the markets, and that was true for virtually every market from commodities to equities. Crude oil was up again today and traded as high as $53.16 in the March contract. The U.S. dollar was also super strong today, up nearly a full percent. U.S. equities were moderately higher early in the day but turned lowe...
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...