Weekend election news sent outside markets sharply higher while fund buying boosted the soy complex. Corn and wheat markets were softer despite large volumes being traded. General Comments It’s the eve of the U.S. presidential election and the weekend news that the FBI couldn’t find enough to indict Clinton spurred U.S. financial markets to big gains. That same news also pushed the dollar to a very strong session and crude oil was back up over $44 per barrel.The USDA will release their November production updates and supply and demand revisions on Wednesday morning. No one expects any “market changing” numbers in those reports and it is more likely the election results will be the trading topic Wednesday, not the USDA reports.The soy comp...
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.