THE OPEN November beans: 5 3/4 higher December meal: 1.50 higher December soyoil; 19 higher December corn: 1 1/2 higher December wheat: 1 1/2 higher The markets opened as called with higher trade as more buyers entered the bean market on the back of more business and further net positive comments about trade negotiations continuing. Weather remains a mixed bag for both corn and beans. Feet will be on the ground next week, with the Pro Farmer tour moving through the Corn Belt to see what is going on inside the crops, which may be a very different story than the satellite imagery version. Whether it is or isn't, the idea that it could feature a different slant than the one in the August W...
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.