World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The overnight session continued the recent trend of low trading volume and narrow, mixed price movement. This occurred as traders await developments from next week’s high level trade negotiations in Beijing as well as the 29 March quarterly stocks and initial acreage reports from USDA. Action during the day session started out slowly but began to pick up some during the latter half. The corn market seemed to be the catalyst as it climbed as much as 6 cents late in the session before closing with the May contract up 4.75 cents at $3.7625. Soybeans followed, closing up more than 4 cents, and almost all soymeal contracts gained $3.70. However, soyoil finished in the red. The wheat markets all finished higher except for the MGEX May cont...

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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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