It was another day of quiet, low volume, wait-and-see trade in grain and soy complex futures. Prices were a bit higher across the board overnight, but they turned to more of a mixed stance during the day session as most contracts traded on both sides of Tuesday’s closes. At the end, Chicago and KC wheat were higher, but MGEX May was lower with the May contract falling to a new low closing price of $5.3475, down 7 cents. Corn closed slightly higher as that market continues to slowly claw back some of its losses of last Friday following USDA’s surprisingly bearish acreage and stocks reports. Soybeans were up early on but slumped to 5 cents down before crawling back enough to close with small losses. Meal was up slightly, but soyoi...
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.