Corn couldn’t participate in the soybean rally even when the soy complex was super strong overnight.. Markets opened lower and traded with sharp early losses before soybeans again turned higher. General Comments The markets had another raucous trading session last evening with soybeans up as much as 24-25 cents at one point and corn and wheat futures trading a very far distance behind. By this morning’s close, soybeans were up 10-12 with corn and wheat slightly lower. Markets opened lower and traded with sharp early losses before soybeans again turned higher. Wheat and corn futures couldn’t get back to higher levels and actually collapsed at the close. Soybeans did finish higher in the old crop months and lower in the new crop months.Week...
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.