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feed-grains soy-oilseeds wheat

Market Commentary

General Comments Today was a government holiday (Veterans Day) in the United States. Banks were also closed, but the markets all traded full sessions. The results of the holiday, however, were:

No USDA weekly export inspections No weekly crop progress report No export sales announcements

These reports will be released Tuesday. This situation left the markets with little to talk about except the remnants of last Friday's USDA reports that were considered slightly more positive than expected for corn and soybeans and slightly bearish for wheat. Today's pattern of trading, however, was different from Friday in that the soy complex was slightly lower much of the session, while corn was the leader with wheat also trading higher earl...

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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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