After yesterday’s baseless bounce, today’s trading involved some retracement on a lack of fresh inputs. There was yet another flash corn export sale this morning, but higher volume sent corn futures lower. It was an unforgiving day, and the market is in a holding pattern until USDA&...
On 23 July, the Environmental Protection Agency (EPA) announced that three formulations of the pesticide dicamba would be open to a 30-day comment period to re-register dicamba for use as over-the-top (OTT) use on dicamba-tolerant crops, namely cotton and soybeans. Previously, a federal d...
Unlike in previous days, commodity futures opened higher today and sustained upward momentum. There was some short covering and some correction from over-sold but it is unlikely the market has found a seasonal bottom. There is good demand, but there is also the potential for record crops. Next...
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.