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feed-grains soy-oilseeds wheat

Market Commentary

Soybeans started last night with some follow-through selling from last Friday's weak day, but that selling quickly was absorbed by the short covering caused by a drier weather outlook. Corn joined the soybean and wheat rally today despite continuing talk of yields above 170 bushels per acre. General Comments The markets opened slightly lower Sunday evening, but the soy complex turned higher in the first 30 minutes of trade and never looked back. Wheat and corn quickly followed. Corn and soybean markets were very soft last Friday on what appeared to be wetter forecasts for this week. Those forecasts did not look as wet yesterday or this morning and that brought us a quick round of short covering that expanded into the wheat markets as well...

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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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