GOOD MORNING, Prices are mixed featuring higher soy and corn, lower wheat. Could it be a foreshadowing of themes to come for the day? The June WASDE will be released at 11:00 central time, and after we take a look at the numbers we will be back to watching the weather and preparing for the more dominant June 30 Stocks/Acreage report. Traders are looking for more friendly corn numbers, and neutral wheat/beans. Talk of higher 20/21 corn demand offers good support, and feed demand remains firm. Beans chop sideways with more liquidation ahead of the report, and lower basis levels and index fund rolls adding weight to prices. Soyoil prices recovered per usual after breaking back in the July contr...
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.