World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Ignoring Wall Street

While outside financial markets worked at reversing last week’s plunge into bear territory, agricultural commodity markets started the shortened trading week with their own bearish tone. Corn, wheat, and the soy complex all traded lower. There was above recent average trading volume pushing corn and wheat lower.  This morning’s USDA export inspections report for last week included 427,344 MT of soybeans (middle of pre-report estimate), 331,328MT of wheat (low end) and 1,184,268 MT of corn (upper end of expectations). Late this afternoon, USDA’s weekly Crop Condition report matched market expectations for corn but dinged soybeans slightly more. Corn in Good/Excellent condition fell two points from a week ago to a tota...

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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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