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feed-grains soy-oilseeds wheat

Market Commentary

Old crop soybean futures and basis have had a hard time weakening even with all the talk of a very bearish long-term soybean supply situation caused by predicted record crops in South America and increased plantings in the U.S. General Comments Markets were mixed again in the overnight session. It has been a week with mostly bearish market news including:

More cargoes of U.S. corn being rejected by China because they contained the unapproved genetically modified organism (GMO) variety. USDA's weekly export sales report released Thursday showed more corn sales were shifted from unknown to China. Increased production estimates for soybeans in both Brazil and Argentina based on good weather and good planting progress. A Stats Canada pro...

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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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