World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments We've been in a weather market, and the problem has been too much rain and delayed planting across the United States. It was wet across the northern Corn Belt again over the weekend, but not quite as much rain fell as expected. That, plus a slightly drier forecast, brought heavy selling to corn and soybeans and, to a lesser extent, wheat. The general belief seems to be that the late planting rally is over -- at least for today. The planting window in the wettest areas appears to be only three to four days before the next system blows through. In fact, noon forecasts were actually wetter. The bears use the weather models that suit their bias and the bulls do the same.Here is the noon update from Weather Risk: There ha...

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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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