GOOD MORNING, The markets are mixed this morning and haven't moved much from yesterday's settlement. Theme of the markets is continued selling as weaker macro markets, struggling ethanol, and better planting forecasts set the stage for new contract lows day-to-day in meal and corn. Beans, soyoil, and wheat are trending sideways from higher. The record high March crush number at 181.374 mln bu yesterday in the NOPA report helped beans to stabilize. Good meal export numbers helped meal to bounce, while lower than expected soyoil stocks implies there is good demand out there. Funds continue to add sales as the virus persists world-wide. Countries are trying to open for business, but it'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.