GOOD MORNING, Prices were firmer overnight but have since turned lower. Wheat futures are lower with larger production out of Russia and Canada, as world supplies grow. Russian wheat prices are lower as new crop hits the market. Beans are weaker on more fund liquidation as good weather promotes further production and yield talk, along with new headline stories concerning China. Headlines state that China said it would impose sanctions on 11 US citizens, including Sen. Ted Cruz and Marco Rubio in retaliation for similar measures by Washington against Hong Kong and Chinese officials on Friday. Tensions continue between China and the US as the White House announced a ban on TikTok and WeChat. 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.