THE OPEN Jan beans: 1 higher Jan meal: 1.90 higher Jan soyoil: 38 higher March corn: 1 lower March wheat: 3/4 lower The markets opened as expected but encountered profit-taking from the start of the session. Pressure was noted as December contracts continue to liquidate heading into first notice day. Trade was choppy and on both sides of the market, with end-users taking advantage of breaks to price something. Spreads were weaker. Lower volumes are able to promote larger swings, and volume was relatively light for the day. Corn was weaker in the night session, and the reverse price action in wheat from higher to lower created more downside, pressuring the soy complex as...
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.