World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

With yesterday’s panic selling subsiding, the CBOT was left to trade its own fundamentals again, and that brought some support back to ag commodities. Corn posted a higher close, and was the only grain contract to do so, with strengthening export demand underpinning trade. Fund short-covering in corn was notable and helped keep the wheat market somewhat supported as well.  The global weather continues to change (as its apt to do) with additional dryness growing across Argentina and parts of Center West Brazil in the next 10 days. With Brazil’s soybean crop being harvested, the dryness isn’t desirable but will likely have few impacts. The impact may be more severe in Argentina where parts of the corn crop are still po...

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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.

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