General Comments Markets feed on what can be loosely defined as news, and when fresh supplies of news are limited, markets can grow tired and head for the couch. Today was one of those days. Trading volume was light, and there was not much interest in seeing prices headed either up or down. The result was slightly lower prices for most corn and wheat futures contracts, but slightly higher closes for soybeans and soymeal, but not for soyoil. It was a "slightly" kind of market today.Overnight trading provided a preview. Grain and soy futures traded on both sides in reduced volume and little enthusiasm. The absence of anything fresh to trade on was evident in the market's behavior and in the choppy price action both overnight and again in t...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.