Grain and soy markets were quiet with little change in prices overnight. Soybeans were down 1-2 cents, corn was unchanged to fractionally lower, and Chicago wheat was up a penny or less. Volume was quite low. The day session opened with most prices staying close to where they were at the trading recess. The exception was Chicago wheat, which firmed in reaction to word that Egypt had purchased 120,000 MT of U.S. SRW. Corn and soy prices gradually eroded into larger losses as the close approached, and even Chicago wheat closed slightly lower, notwithstanding the Egyptian sale. It was a red number day for agricultural markets across the board. In addition to the grain and soybean losses, cattle and hog futures closed lower as did Winnipeg ca...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.