The markets are in the sweet spot where buyers and sellers are in agreement, and thus both bulls and bears can be dissatisfied by the stability of prices. The Pro Farmer tour wraps up today and reports its results tomorrow, but even its news has a bland taste. It has found areas of concern in the east, especially with soybean pods, but hasn’t revealed any disasters. Some of the corn looks fantastic. At this juncture, there is little to change the dynamic. With immature crops, it all gets down to growing degree days (see weather below). The crop conditions report this coming Monday might be interesting for its direction (if any). Trade is presenting frustrations as corn cannot sell due to its higher price, while U.S. soybeans are rel...
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.