THE OPEN March beans: 2 1/2 lower March meal: .20 higher March soyoil: 29 lower March corn: 3/4 higher March wheat: 4 1/2 higher The markets opened as called with grains continuing to trade higher against a weaker soy complex. The signing of the Phase One deal started on time with stocks rallying into the event, but beans were pretty much unimpressed. Wheat prices again were the focus with technical buying activity continuing, adding spillover support to corn. Traders were back to selling soyoil / buying meal on the back of weaker energies. The NOPA report contained a large bearish surprise for soyoil, where stocks were much higher than expected, further breaking down the market as bulls...
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.