GOOD MORNING, Prices are mixed this morning with beans and soyoil lower, grains firmer. More longs are liquidating length in beans due to the turn to better weather and stable conditions. Dec. corn technically holding on to its $3.30 low, which does not seem to be giving way. Corn finds support from wheat, which rallied sharply on Tuesday. In terms of stories, all eyes are on what China does with its corn reserves. The Chinese gov. plans to auction around 54 tmt of state bean reserves from the 2017 and 2018 crop years later this week. China is expected to auction around 3 mmt total this year to be replaced with newly imported US beans. WEATHER Cooler temperatures and widespread rainfall co...
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.