World Perspectives
feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up: Soybeans Lower on Chinese Buying

Smaller-than-expected Chinese soybean purchases (real purchases, nonetheless!) sent the soybean market lower this morning which pressured hog futures as well. Corn couldn’t excited about much and closed slightly lower for the day with traders unsure of what else to do. Wheat remains the most exciting market where SRW and HRW futures are breaking out to the upside.  The USDA’s Export Sales report was neutral the “big three” today with corn sales and shipments coming in below last week’s values and their target values to keep pace with USDA’s projections. Soybeans, on the other hand, showed sales and export above their needed volumes while wheat sales were more than adequate despite lower exports.&nbs...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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.

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