World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments There was no follow-through buying when the markets re-opened late yesterday afternoon following the very strong performance of corn, wheat and soybeans in Wednesday's trading session. November soybeans finished just 7 cents off the all-time highs that were set last Sunday night. Corn is well off the highs and wheat is dollars off its all-time highs set back in 2008. The wheat market is waiting to see what Russia says about its food security situation tomorrow following SovCon's cut in its wheat production estimate to 38 MMT. That is a smaller crop than in 2010 when exports were suspended. It is also a three-day holiday weekend in the U.S. this weekend (Labor Day), and that sometimes tends to limit volume and market acti...

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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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