World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Markets rebounded overnight following Thursday’s big losses. It was interesting that no one could come up with a solid reason yesterday for the unexpected and big fund selling. Some attributed it to the fact that there would be no USDA reports released today, which include the winter wheat planting estimate, quarterly stocks numbers, final U.S. corn and soybean production estimates, and the WASDE (supply and demand). That’s an interesting viewpoint as it has been a very long time since there was a bullish USDA report about anything. The problem, as WPI wrote about last week, is that the market is in the dark without any daily or weekly export sales data available, and this will of course continue to be the case until the partial...

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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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