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feed-grains soy-oilseeds wheat

Market Commentary

The December WASDE is typically a non-event and today’s report was no different. Typically, there are few changes to be made to the U.S. balance sheets and, even with this year’s extreme weather/harvest delays, USDA is more likely to adjust harvest acres/yields in the January WASDE. Similarly, it is too early to make major adjustments to the South American crop forecasts, so the status quo rules the December WASDE.  USDA made no changes to the 2019/20 U.S. corn and soybean balance sheets and made only minor adjustments to the wheat outlook. The table below shows the agency’s expectations for ending stocks and ending stocks to use figures, which reflects a modest tightening in wheat stocks. 

The biggest change...

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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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