World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The overnight session found prices trading mostly lower, which was in line with selling late Tuesday that took prices down to closes that were mostly well below session highs. No doubt some of that late selling was profit taking after the recent rally. However, open interest increases for soymeal (+8,621 contracts) and soybeans (+7,263 contracts) yesterday indicate that the long sides of those markets are still growing even though late selling closed both beans and meal noticeably down from their daily highs. KC wheat traded down 4 cents overnight on chart selling, while corn slipped 1.75 cents lower. Soybean prices were around 2-3 cents lower as they hit the early morning trading recess. After the day session began, however, it did not ta...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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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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