GOOD MORNING, Prices worked both sides of unchanged in consolidation mode in the PM session. This week's lower performance was courtesy of weaker outside markets, a higher US dollar, and upcoming rainfall events for the western Corn Belt. As a result of a weaker technical picture, funds were taking some bullish positions off the books with perhaps some margin calls? Harvest now draws ever closer, adding some weight in that respect as well. Since it is Friday, would look for two-sided trade with some short-covering activity, fresh pricings, and perhaps those looking to establish a purchase at perceived trading range lows. Prices in the big picture are still in large sideways chops, but the c...
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.