Overnight trading started out with mixed results amid slack volume, but the soy complex started to rally during the wee hours and carried the grains along with it. General Comments Outside markets were mixed. U.S. stocks shrugged off reports of higher unemployment claims and lower retail sales in January. Instead, they paid attention to several favorable corporate earnings reports and rallied higher in afternoon trade. The Dow closed up 63 points and is back over 16,000. Currency traders did pay attention to the negative economic reports, and the U.S. dollar slipped lower against most major currencies. Gold was higher, but crude oil closed just about unchanged. Copper finished lower.Overnight trading started out with mixed results amid s...
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.