First notice day for delivery against the March soybean and meal contracts is next week. That alone might keep the markets firm until we get into the delivery process. General Comments Markets were again firm in the overnight session, led by gains in soybeans and wheat. Corn was still evidently suffering from its big numbers in yesterday's USDA baseline forecast. We caution that the baseline numbers are just that, as Bob Kohlmeyer pointed out in yesterday's analysis. The more important USDA predictions will come late next week when USDA releases its preliminary look at the 2014/15 U.S. supply/demand situation during the Outlook Forum to be held 20-21 February.March soybean futures set new highs for this move before some selling took over...
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.