GOOD MORNING, Prices continue their sideways trading range as we get closer to the end of the month and the Sep 30 stocks report along with the October WASDE. Funds remain short across the board. Volumes are low as new inputs are scarce. Feature of the day yesterday was that of higher wheat as several tenders took place, though the US was not the most competitive in terms of price. Egypt purchased 3 cargoes of Russian wheat in their tender, with prices very competitive. WEATHER Current weather for the short term is still bearish with above normal temperatures and above normal rainfall. Some below-average temperatures were noted, however, in the extended forecasts for the PNW region. T...
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.