THE OPEN January beans: 3 lower December meal: 3.80 lower December soyoil: 46 higher December corn: 3 1/2 lower December wheat: 10 1/2 lower Prices opened mixed with soyoil correcting further against meal, while a few sell-stops were triggered on the open which took prices into pricing ideas. Wheat prices found sell-stops on better rainfall in the plains and the Black Sea, with some technical points violated. Export inspections were released at 10:00 as follows: Beans: 2,664,352 mt vs. 2,317,798 mt week ago Corn: 636,290 mt vs. 911,648 mt week ago Wheat: 363,806 mt vs. 241,283 mt week ago Export inspections were good for beans, with 2.02 mmt inspected for exp...
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.