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feed-grains soy-oilseeds wheat

Market Commentary

Markets tried to be slightly better overnight and this morning in hope that today’s USDA’s reports might contain some positive news. There was nothing in the WASDE that could be considered even slightly bullish. It was the opposite as ending supplies for U.S. wheat and corn were higher with those of soybeans down a marginal 10 million bushels. The corn and wheat response to the bigger numbers was muted. Corn traded 1-2 cents lower much of the day with winter wheat steady to a penny or so higher. Meanwhile, the soy complex was weak. U.S. equity markets were lower, still suffering from yesterday’s dismal European Central Bank (ECB) growth forecast. Today’s monthly U.S. jobs report didn’t help with the job creati...

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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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