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Market Commentary

General Comments Instead (or in addition to) being worried about Sunday's Greek election and weekend weather updates, today's corn, soybean and wheat markets were dominated by two other stories:

Rumors that a few cargoes of corn from Brazil might be imported to the U.S. East Coast, and Informa's revised corn, spring wheat and soybean acreage estimates.

The Brazil corn rumor could be factual, and it crushed the N/Z corn spread that had made significant gains the first four days of this week. Informa's 900,000-acre increase in corn plantings and 2.1 million-acre increase in soybeans didn't seem to jolt the markets too badly; they were in the expected range.There were some good rains across the dry parts of southeast Nebraska overni...

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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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