General Comments The soy complex started the week on a lower note Sunday with corn and wheat markets steady. Overnight volume was moderate. Soybeans were still suffering the hangover from last Friday's sharp losses following private crop production estimates that pointed towards a yield increase in this Friday's USDA WASDE and crop production updates. The U.S. elections take place tomorrow (finally), and that has all markets on edge. U.S. financial markets were steady today with crude oil about unchanged and the dollar slightly higher. In fact, the dollar index reached two-month highs today while the euro reached two-month lows. Crude oil prices did start to move higher over the noon hour. The presidential race is too close to call and...
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.