World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Volatility reigned in grain and soy futures trade as the market exhibits an increasing nervousness over USDA's acreage and stocks reports amid what is already a full-blown weather market. The weather outlook for the next two weeks remains as bleak as ever in terms of relief for drought-stricken crops. Most briefly, the outlook is for two weeks of above-normal temperatures and below-normal rainfall for most of the Midwest and Delta. In other words, it is more of the same. Temperatures in Central Illinois and Indiana of 100 degrees Fahrenheit on Thursday and Friday will continue to stress crops. High pressure is planted across the U.S. from the Oklahoma Panhandle to the coastal Carolinas, and it appears it will hang around...

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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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