GOOD MORNING, Prices continue to hammer out trading ranges heading into the end of the month, starting lower in the night session but reversing course to trade higher. The "easy" money now seems to have come to an end as volatility increases. The seasonal Jan/Feb. timeframe has arrived with a vengeance, as new shorts enter and old bulls fight it out. Weather has normalized a bit in SA, and Chinese buying, demand, and harvest are in front of us. The markets are looking to head into wide sideways ranges now, with the only question being, is the downside over? This correction from the top has been deeper than the ones preceding it, but until funds dump 2/3 of their position and rallies are met with selling...
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.