GOOD MORNING, The commitment-of-trader's report will be out tonight. Will it show that the managed money funds flipped from a long to a short position in corn? If so, the position is probably not a large one, but it does represent a willingness on the part of the funds to be net short Ag commodities across the board. If funds do wind up short corn, it will be the first time they have been short since last May. The Pro Farmer crop tour begins next week, but there could have been a foreshadowing of things to come today. After the close, a "digital" yield tour sponsored by DTN and Progressive Farmer found yields in Illinois, Indiana and Ohio that were much below the August WASDE numbers (12-15 percent).&nb...
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.