THE OPEN May beans: 12 1/2 lower May meal: 3.30 lower May soyoil: 51 lower May corn: 3 1/2 lower July wheat: 4 3/4 lower Negative macro sentiment and a higher US dollar pressured prices from the start of the day. Negative technical signals on the charts provided a catalyst for funds to come in as sellers at the open. In the soy complex, sharply lower soyoil prices weighed on beans as key levels were violated. Corn prices were pushed to new contracts lows as well, with more selling coming into July and December contracts. Increased end user pricing was reported as prices drove lower today, as consumers have done a good job of letting prices come to them which is very cha...
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.