GOOD MORNING, Prices were higher across the board, but after the export sales report a round of profit-taking pushed most into the red for a reversal close. Soyoil was the exception, but tumbled 90 pts from its new contract high. Meal prices remain rangebound, but soyoil and beans are posting new contract highs, along with December corn. New money inflows are noted as funds now extend length on the back of positive technical signals. US values follow higher world prices, with China's Dalian beans, soyoil, and corn closing better. Today is first position day, with first notice day on Friday. As of now there are no corn receipts registered, 49 SRW, 91 HRW, 169 beans, 175 meal, and 1,273 soyoil. ...
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.