The CBOT was mixed to start the week with traders increasingly aware of the ongoing government shutdown. Monday’s trade saw the ag markets trade somewhat cautiously with few willing to add much risk amid the reduced USDA data (we say “reduced” and not “eliminated”...
Regional News Central and Western Europe saw beneficial and widespread storms last week and over the weekend that aided soil moistures and the fall crop planting outlook. The rains did elevate concerns for planting delays in some areas, however, especially with temperatures cooling down a...
Friday involved relatively lower volume and modest price changes as new inputs remain limited. And it wasn’t really due to the lack of USDA reports due to the shutdown since they may not have involved anything market moving. Harvest is progressing, competitors have ample supplies, and buy...
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.