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...
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.