General Comments Markets opened stronger than expected Sunday evening led by soybeans that started out 10 to 15 cents higher. Soybeans quite quickly moved to gains of 20 cents with wheat and corn 8-10 cents higher and that's where they sat the rest of the night. It was (again) all about weather. The forecasts look hot and dry in the western Corn Belt and just dry across much of the eastern Corn Belt. Weekend rains were basically non-existent. This weather will quickly add stress to corn and soybeans across the northern half of the western Corn Belt.The Pro Farmer crop tour also started this morning and the very early returns were about as expected. Very good conditions were reported from Ohio with mixed conditions from South Dakota.The...
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.