General Comments Nearby corn and soybeans closed out the week a dollar lower than last week's highs as margin calls took precedence for a time and positions were unwound. USDA will publish its WASDE report on Wednesday, 10 April. The upcoming WASDE may provide some additional insights about the 28 March Grain Stocks and Prospective Plantings reports, but it is unlikely to release any new bearish surprise on the market.Nearby May contracts are diminishing in significance as we transition to the mid-April and attention shifts to the weather. It may be true that the December corn contract could sell off another dollar if a major bumper crop is produced this summer, but who is willing to sell December corn below $5.30 in the middle of April?...
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.