General Comments Trading volume overnight was better than average as grain and soy prices sampled both sides of yesterday's closes. After today, only six full trading days remain before the important USDA reports due midday on 28 June. That is also first intention day for July futures contracts and the day by which traders must reduce their positions in July contracts to a maximum of 600 contracts. July options expire this Friday, 21 June.The day session turned quite active with perhaps the broadest demonstration of price strength in two or three weeks. Corn, wheat and soybeans all finished with double-digit gains that neared or topped 20 cents, except for July corn, which managed to close only 9 cents higher. There were a number of diff...
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.