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feed-grains soy-oilseeds wheat

PM Post - Like Peter Cottontail

THE OPEN March beans:  4 1/2 lower  March meal:  .30 higher March soyoil:  9 lower March corn: 2 1/2 lower March wheat: 4 1/2 higher The major feature of the morning was that of spread trade, with traders buying wheat/selling corn and buying meal/selling soyoil.    Meal prices rebounded off the lows of the trading range, awaiting NOPA crush numbers which stabilized beans.  Corn prices remained under pressure as wheat prices worked higher.  Funds remain long the markets still, continuing to look at SA weather forecasts.  Without a clear vision that good rains are ahead, the markets seem to want to retain its edge. SOY

The major feature of the morning came from traders booking profits on...

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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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