GOOD MORNING, Prices are firmer this as temperatures next week are forecast to be hotter than this week. Rains are crossing parts of the Midwest, but it is not a soaking event that alleviates all dryness. Spreads are mostly firmer. The wheat rally continues as more shorts cover, which is providing spillover strength to corn. World wheat production numbers may decline in tomorrow's USDA report. Added to the list of lower production from France, Russia, and Ukraine is Argentina. Argentina's Rosario Exchange stated that they may reduce 2021 crop estimates by 6.5 million hectares due to dryness. Britain's wheat is down 25% after a wet fall forced farmers to switch to other crops. Funds remain sh...
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.