World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Grain and soy futures played on both sides of Tuesday's closes without much in the way of direction during overnight trading and again during the day session. Price movement was limited and stuck within narrow trading ranges. Soybeans traded in a 10-12 cent range, while corn's range was 6-7 cents and CME wheat stayed within a 7-8 cent price band. However, only corn managed to finish on the plus side for the day and then by only about 2 cents. Volume was light to moderate. From a macro point of view, the government shutdown, talk about a possible U.S. default and how markets might suffer if it were to occur certainly do not encourage adventuresome trading. From a narrower point of view, markets have now gone for over a...

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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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