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feed-grains soy-oilseeds wheat

Market Commentary

General Comments It was more of the same -- "down and dirty" grain and soy markets. Yesterday's steep declines set up bearish technical signals that no doubt tightened up many sell stop orders from holders of long positions. Long liquidation dominated overnight trade, and it was again the feature of today's market. Funds were again heavy sellers of the soy complex, corn, and wheat. Once again it was the soy complex leading the way, followed by wheat with corn dragging behind. Soybeans lost more than 50 cents once again, soymeal was down $16 and soyoil fell over 2 cents per lb. New crop corn contracts dropped a much more modest 5-7 cents. The September contract sank 24 cents, however, and the September/December inverse has collapsed and i...

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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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