General Comments Markets were firm to strong in the Sunday evening session, and continued that strength through most of this morning before backing off around noon. Soybeans were the leader and had a very wide trading range with the biggest moves happening overnight. Overall volume today was moderate. There wasn't very much news to generate price movement either way. Outside markets were mixed with crude oil, the dollar and financial markets slightly lower early in the day. Late in the session, however, crude oil was down nearly $2 a barrel and the dollar index had turned positive. Losses in the financial markets were accelerating. Soy Complex FUTURES Soybeans opened firm Sunday afternoon and eventually traded as much as 20+ higher...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.