GOOD MORNING, Prices are higher in the PM session after yesterday's defensive price action. Much of the world was closed Monday with others out till Wednesday. World cash markets remain firm. Farmer selling remains above the market, and end-user pricing below, which creates air pockets as funds remain buyers on dips. Yesterday's break was due to overbought extremes in the market and perhaps a reduction in fund positions due to increased price limits. Processors continue to bid for beans for crush, and for corn for ethanol as margins continue to improve, adding support to the bottom line. The May Supply and Demand report is around the corner and it will include the first full supply and...
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.