World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Grain and soy futures staged a strong price rally overnight as prospects for tight supplies again outweighed anything the bears had to offer. Soybeans gapped higher, and September soybeans pushed to $17.9475, a new record-high soybean price before profit-takers sold prices off their highs. Although soybean prices were not quite so extreme during the day session, prices for soybeans, corn and wheat started out the day session with good gains, and the September contract did set a new high close for a spot contract. However, by mid-session the higher prices once again attracted selling by longs presumably cashing profits. The November and January contracts closed well below their session highs, gaining 11.75 cents and 15.25...

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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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