THE OPEN March beans: 6 3/4 lower March meal: 2.30 lower March soyoil: 13 lower March corn: 2 1/4 lower March wheat: 5 1/2 lower The markets opened lower as called with more profit-taking based on technical considerations, and negative outside influences. November crush was lower than expected, which weighed on beans, while the USDA attache in Brazil estimated the soy crop at 123.5 mmt, which would be a record. Brazil also exported 3.439 mmt of beans in Dec., down from 5.157 mmt in Nov, and 4.070 mmt in Dec. 2018. Sell-stops were triggered throughout the morning as charts suggested that minor tops could be in place. Harvest is ongoing now in places where early planting took place i...
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.