General Comments Markets were trading higher across the board most of the day led by strong gains in the soy complex. Demand for soybeans and soy products continues unabated. This morning's NOPA crush number was big at 157 million bushels. There was also more positive news from China. The HSBC PMI index for November was 50.9 compared to 50.5 the previous month. The U.S. consumer price index declined for the first time in six months. Energy markets were slightly higher and the dollar was very weak. There is no progress in the U.S. fiscal cliff negotiations. U.S. financial markets started slightly higher but lost ground as the day wore on. Today was also the last trading day for the December contracts. Next Friday is the last trading day f...
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.