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feed-grains soy-oilseeds wheat

The Corn Market Looks Ahead

USDA reported that planting of the U.S 2013/14 corn crop was only 12 percent complete as of 5 May, which is the second slowest corn planting pace on record. As shaky a start as that may be, the forecast for warm, dry weather across the Corn Belt next week provides hope that corn planting progress will advance enough to support the anticipation of a very big crop. The remainder of this week will see more rain over the western Belt and Delta, but there should be enough progress in the East this week to advance planting progress to around 30 percent by 12 May. If the weather plays out next week as advertised, planting should reach at least 65 percent by the 19 May report. That is certainly not ideal by traditional standards; however, it woul...

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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.

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