Today’s futures market was expected to be lower but corn and wheat closed mostly higher while soybeans lost some ground. Monday’s USDA stocks report now seems a long time ago since there is still a bearish tinge overall. Next week’s October WASDE report from USDA or the U.S. – China trade negotiations could have outsized impacts but seem unlikely to change the mood for very long. China has been buying from the U.S. but not to the level of hype from America’s Salesman in Chief. Now that President Trump has asked China to investigate his political rival Joe Biden, it is unclear where the impeachment imbroglio goes and its impact on trade talk outcomes. The WASDE report seems like a more tangible market mover nex...
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.