GOOD MORNING, The fight for acreage is heating up between corn and beans. Corn is first up for planting, and sticking to its guns by holding in firm. Resistance for beans is still in play with a carry-out that is not snug, and more supply on the way. China may purchase beans, but the unknown post trade agreement signing continues to keep beans in a tight range. Additionally, the weaker Brazilian Real, which fell to a new low yesterday, provides the conditions for Brazilian farmer selling activity. Nonetheless, beans are up in front of the signing date tomorrow, retaining its $9.35-$9.55 comfort range. Profit-taking in oilshare continues, with meal higher against new soyoil chart lows. March wheat h...
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.