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feed-grains soy-oilseeds wheat

Market Commentary

Traders showed more interest in the overnight session. Volume was not back to Tuesday’s level, but it was notably higher than Wednesday’s. Pricewise, the results were mixed. Grains were steady to firm, but soybeans traded mostly lower. A wire service reported late in the overnight session that a summit between Presidents Trump and Xi has been postponed until sometime in April. This caused a very brief sell-off, but it did not last long. There has not been a formal announcement from either side on the timing of a meeting. The grains continued to trade above Wednesday’s closes during the day session, while soybeans remained stuck in the red. May corn closed up 3.75 cents at $3.7025, but the best December corn could do was f...

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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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