GOOD MORNING, Prices are higher across the board today with more positive vibes as regards trade negotiations. Funds are short and markets remain in the upper end of trading ranges as we near the end of the month. China's Commerce Ministry acknowledged that they are in continuing discussions about upcoming Oct. trades talks with the US, and an analyst at Shanghai JC Intelligence reported in an interview to Reuters that around 6.0 mmt of beans would be purchased by China before those talks resumed. A Ministry of Commerce spokesman, Gao Feng, reported that Chinese buyers "have completed deals to buy soybeans and pork of considerable scale." Spread trade continues, with corn and wheat switching back and forth o...
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.