General Comments Markets were generally firm overnight with soybeans showing more strength than corn or wheat. That changed about the time the U.S. came to work, and soybeans went from trading 3-4 cents higher to trading 3-4 cents lower. There was no special market-making news overnight. China's fourth quarter came in better than expected at 7.9 percent compared to 7.4 percent in the previous quarter, and December retail sales were up 15 percent. China's economy appears to be on the move again.Monday is a holiday in the U.S. and markets will not re-open until 7 p.m. CT Monday evening. This also will be a weather weekend; eyes are turned to Argentina and southern Brazil, where it has been very warm and dry. The map below shows the seven-d...
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.