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feed-grains soy-oilseeds wheat

Market Commentary

The multi-day collapse in soy complex prices ended overnight with higher trade in soybeans and soymeal, and that strength dragged corn and wheat along as well. Soybeans then received a big push higher with this morning’s USDA export sales announcements. General Comments Every day has a new twist. The multi-day collapse in soy complex prices ended overnight with higher trade in soybeans and soymeal, and that strength dragged corn and wheat along as well. Subtle changes in weather forecasts continue to drive big changes in futures markets. Extended forecasts look warm/hot and dry west of the Mississippi but cooler and dry to its east. Weekly corn and soybean crop ratings should stay very high again in next Monday’s report despite this week’...

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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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