World Perspectives
feed-grains wheat

Mercosur Regional Analysis

Corn Argentina’s corn market calmed down last week after seeing big movement the previous week. The main reason that only March shipments are moving is the lack of rain and growing risk of a harvest delay. The market is heating up because of short traders exiting their position and end consumers covering their needs. Another factor is the decision by exporters to reduce their March programs to avoid a shortage of the goods. There are still logistics available to increase March bookings and some remaining open demand from North Africa, but exporters will only sell more once they are certain that the corn will arrive in time. After buyers covered their March needs, they decided to wait before doing so for April onward. The April progr...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4575/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.7725/bushel, down $0.1425 from yesterday's close.  May 26 Soybeans closed at $11.64/bushel, down $0.0675 from yesterday's close.  May 26 Soymeal closed at $312.9/short ton, down...

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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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