World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat and Corn Still Strong; Soy Complex Waivers

Corn traded mostly higher all session and has gained value in three of the past four days. The soy complex was higher in the overnight session and opened that way this morning, but it didn’t last long and closed in the red. The July soybean contract has had a mixed week, but it is still up 23 cents due to Monday’s large gain. All three wheats traded both sides of unchanged but then found strength at the end of the session. The livestock complex was pressured lowered most of the day.  Wheat seemed primed for continued profit-taking on oversold conditions but there remains large uncertainties about the crop in many of its major global production areas. 

USDA’s weekly Export Sales report showed wheat sales plumm...

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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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