GOOD MORNING, Prices were lower in the early part of the night session but were able to recover and post higher trades for most of the markets. The aftermath of the report continues to see traders digesting the numbers and re-positioning. Futures appear ready to now enter into wide trading ranges for a while, but it is yet to be discovered whether this morning's prices can hold. If they can, it would go a long way towards price stabilization. China will be on holiday next week, so the market may thin out for a bit and settle into a further defined range. Brazil's CONAB estimated 20/21 bean production at 133.817 mmt vs. 133.7 prev., which was not as high as some had estimated. There was...
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.