General Comments Overnight trade saw generally lower prices led by the soy complex amid moderate volume. It was Turnaround Tuesday but in a mild form. Without anything new to spur buying interest, some profit-taking was seen in the soy complex. This same pattern was seen during the day session as well. Funds bought the grains but sold the complex. Cash market strength continued to provide underlying support for futures prices.In general there was little by way of fresh input for markets to trade on. Corn futures prices ended higher in response to firm cash basis bids, wheat prices responded to corn and soybean prices responded to the lack of any new export sales reports for U.S. soybeans. The market has also come to realize that although...
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.