General Comments In the absence of any fresh market moving inputs, grain and soy markets seemed to be in a consolidative mood today. Corn futures traded on both sides before giving in to the continued strength of the wheat market and closing slightly higher. Soybeans were under pressure again from long liquidation. Unlike yesterday, however, influence from the higher wheat market seemed to have little effect on the direction of soy prices. Next Monday's quarterly stocks report and the 11 October WASDE with updated production estimates are the next items on the calendar, and we doubt that markets will do anything dramatic until after those reports.Of course, the one major factor overhanging the market is the U.S. corn and soybean harves...
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.