Corn The corn market situation is similar to the past few weeks with the soybean harvest accelerating and exceeding that of corn. Consequently, the arrival of corn to ports is slowing and seems insufficient relative to the present vessel lineup. Exporters who needed corn at the ports urgently were forced to pay up in the local market, even with the weaker CBOT, which left very high replacement values. Corn is still in demand from all destinations and for all origins. Argentine corn has strong demand from Southeast Asia, North Africa, and some Latin American countries as well. There is active and fresh demand appearing along with some short covering as well. Exporters have already booked large programs for May/June shipments. They st...
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.