GOOD MORNING, The markets started the evening session on a mixed note as they head into trading ranges off contract highs, but have all turned lower into the AM hour. There was a weaker tone in beans and wheat this week so far, and we are seeing follow-through today. South American weather has normalized, and the negative bean seasonal seems to have kicked in. The Feb. 9 WASDE is coming up, and some analysts are thinking that USDA may wait to adjust exports into the March report, which is also spurring more bean liquidation. Countering that is a still firm basis level for beans and corn. After the close, Egypt was in for wheat, and the lowest offer is said to be from Russia. Yesterday's USDA census crus...
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.