World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The Sunday night session traded slightly higher until prices turned lower early this morning, led by wheat. Markets then opened the day session lower and turned weaker, probably for the following reasons:

Rains will be heavy across much of the Corn Belt over the next three to four days, but the six-10 and eight-14 day weather forecasts (see below) have finally turned much drier. That will eventually allow harvest progress to resume following two weeks of very wet weather.

Everyone expects Thursday’s USDA reports will be bearish. There was a story early this morning from Russia that it will sell at least 1.5 MMT of the 3 MMT available from its grain reserves.

U.S. commodity and equity markets were open today. However, USD...

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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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