World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The soybean market is in the grips of a strong technical rally that has pushed futures prices to their highest levels in more than six months. Soybean futures closed up 7-8 cents today, and May soybeans have jumped about 32 cents in the last three sessions. General Comments For soybeans, the march goes on. They closed up 7-8 cents with the May and July contracts up 8 cents and November up 7 cents, which in all three cases was about 2 cents below session highs. Soymeal jumped about $5.00 higher, but soyoil closed slightly lower. Corn futures closed up 5-6 cents and recovered Monday’s losses. All three wheat markets mostly closed up 3-5 cents. All of this upside price action took place despite the somewhat bearish vibes from today’s April W...

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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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