The CBOT was almost entirely lower across the major ag markets on Wednesday with large supply expectations for the 2025 Northern Hemisphere grain and oilseed crops driving the weakness. More crop tours in the U.S. confirm large corn yields and high soybean pod counts/yield potential, while the race to export wheat from the U.S., Europe, and the Black Sea intensifies. In the background, macroeconomic uncertainty – particularly the outcome of President Trumps tariffs – and weaker oil values helped create a broader risk-off sentiment across market sectors. Outside Markets U.S. equities were mixed on Wednesday with the S&P 500 and NASDAQ turning higher after initially weaker trade while the Dow Jones index finished s...
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.