Markets were lower Sunday night on confirmation of a dry but cooler weather outlook across the Corn Belt and northern Plains. Funds then began the day with modest long positions in corn, wheat and soybeans and were sellers in all three markets. General Comments Markets were lower Sunday night on confirmation of a dry but cooler weather outlook across the Corn Belt and northern Plains. Moisture levels in both the six-10 and eight-14 day forecasts are below normal. However, normal to below-normal temperatures will cushion some of the impact of low or no soil moisture across the dry areas. This is also the first week of August, considered the critical month for soybean yield development. There was pressure on wheat markets as the spring whea...
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.