THE OPEN November beans: 2 higher December meal: .40 lower December soyoil: 37 higher December corn: steady September wheat: 3 lower Prices opened as expected with a minor bounce in corn met with some early hedge pressure pre-report, as a just-in-case the report was bearish. Wheat prices languished at trading range lows into the report. Grains continued to see pressure into the report. Other key features included a rebound in oilshare off higher palm oil and crude prices. The August report was neutral to bearish for corn and beans, but short-covering was noted after the numbers were released. The August 12 WASDE was as follows: Corn &nb...
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.