After being lower overnight, the market was kept tentative today by that along with a few other issues. In addition, it must be remembered that this is Friday and we are in a weather market for spring wheat. General Comments Markets were lower overnight following some disappointing closes (from a technical standpoint) yesterday. There was also the uncertainty of the election in Great Britain. These issues coupled with today’s USDA reports kept the market tentative. In addition, it must be remembered that this is Friday and we are in a weather market for spring wheat. It is also turning very hot and dry across the western Corn Belt as well as the northern Plains.Today’s USDA reports, highlighted in a separate analysis, didn’t make any sign...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.