THE OPEN November beans: 4 lower December meal: 1.80 higher December soyoil: 60 lower December corn: 3 1/2 higher December wheat: 17 higher Higher wheat prices guided the market to a firmer-than-expected open. Inspections for corn found a good chunk to China, bolstering a recovery rally there. Oilshare chopped back and forth, with overnight profit-taking on the back of weaker palm. At 10:00 export inspections were released as follows: beans: 191,193 mt vs. 242,044 mt week ago (vs. an expected 200,000 mt) wheat: 387,743 mt vs. 515,214 mt week ago (vs. an expected 420,000 mt) corn: 1,383,719 mt vs. 1.184,012 mt week ago (vs. an expected, 1,050,000 mt) Co...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
Corn Argentina Argentina's corn harvest continued to advance at a moderate-to-slow pace, constrained by high moisture levels in both the grain and the fields. Harvest delays remain concentrated in the remaining early-planted corn in central and southern Buenos Aires. To date, harvesting has rea...
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.