World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments A private crop production forecast released after the close yesterday pegged the U.S. corn crop at 13.993 billion bushels and the U.S. soybean crop at 3.309 billion bushels. The corn estimate was close to the July USDA estimate but the soybean number was 111 million bushels below the USDA. This prompted an overnight rally that culminated in the first couple of hours of trade this morning that pushed November soybeans 15-16 cents higher. It was downhill after that as the market talk again turned to weather and it was raining across some portions of the western Corn Belt.There was little other market making news today. There were no USDA export sales announcements. Weather forecasts look the same, cool and damp in the ea...

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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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