Today's early trade saw wheat prices firm, while corn and the complex traded mostly with red numbers. Volume was fairly active for a pre-long weekend session. General Comments Today was the last trading session of the week for grain and soy futures. Tomorrow, Good Friday is a market holiday. Trading will resume with the Sunday night session.Today's early trade saw wheat prices firm, while corn and the complex traded mostly with red numbers. Volume was fairly active for a pre-long weekend session. The feature of the early soybean trade was the unwinding of old crop/new crop bull spreads. The rapid widening of the July/November inverse in recent days has made those bull spreads quite profitable, and holders of them decided to cash in ahead...
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.