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feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading saw grain and soy prices leak slightly lower following Monday’s big losses. Notable was corn open interest, which fell nearly 69,000 contracts. No doubt, some of this was due to liquidation ahead of the first delivery intentions on Thursday. The volume of corn contracts traded overnight was impressive, but trade was lighter in soybeans and wheat. Price weakness also continued to dominate during the day session. Soybeans were the weakest with May off 8 cents and November down 6.75 cents. Meal slipped $2.00-2.20, and soyoil closed down 27-28 points. Both Chicago and KC wheat finished lower with the May contracts down 4.5 cents and 6 cents, respectively. MGEX wheat was the only item that closed higher today with May up...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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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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