Corn had a relatively quiet trading day, but the market was firm the entire session. The strong wheat market in the early part helped corn as did the strong soybean market later. General Comments Wheat led Sunday evening markets slightly higher following much colder than forecast temperatures across the hard red winter wheat region Saturday night. Markets started today’s session firm with Chicago and KC wheat futures up as much as a dime at one point. The buying in wheat subsided by mid-morning. Corn and soybean markets were also firm.It was a relatively quiet trading session with average volume. There were no daily USDA sales announcements. Crude oil was steady to higher. U.S. financial markets were back and forth, but they gradually sta...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.