World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments It was a catch-up day for USDA today. It did announce some soybean export sales this morning of 220,000 MT to China and 140,000 MT to unknown. One weekly export sales report was released with an "as of" date of September 26th. That report showed 30.5 MMT of corn, 30.8 MMT of wheat and 31.6 MMT of soybeans for that week. They are still two weeks behind in reporting the weekly numbers.Farmer selling still remains lighter than expected, especially with ongoing reports of better than expected yields. Corn and soybean basis levels continue to push higher. Export demand, particularly for wheat and soybeans, has been very good.Markets were firm overnight and led by strong gains in wheat. There was more talk that China has bee...

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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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