THE OPEN March beans: 3 1/2 lower March meal: .80 lower March soyoil: 15 higher March corn: 2 higher March wheat: 1 higher It was game on today as tweets and headlines suggesting a deal was at hand propelled stocks and commodity prices higher, driving corn off its lows and sending beans back towards recent highs. The stock market responded with positive vibes as well, trading over 200 pts up in what appeared to be a day of macro-buying across the board. Soyoil values triggered to new highs confirming the presence of a bull - flag, while USDA Sec. Sonny Perdue said that farmers should not count on another round of trade-related payments to the farmer next year. Perdue urged farmers...
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.