THE OPEN March beans: 4 ½ higher Jan meal: 0.90 higher Jan soyoil: 3 lower March corn: ¾ higher March wheat: 1 ½ lower The markets opened as expected with the soy complex once again steady vs. weaker grains led by wheat into the 11:00 CT report. Soyoil futures were well supported, which spilled over into beans. Corn prices continued to churn at recent trading range lows. The Wall Street Journal wrote in an article that both the U.S. and China have signaled that Dec. 15 may not be the final date for a phase one deal, but officials from both countries indicated they are looking to delay tariffs. The USDA WASDE report was released at 11:00, which found prices unwinding last...
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.