After a sharply higher early overnight trade, grain and soy futures gradually calmed down to finish the first trading session of the week in relatively placid style with the exceptions of old crop soybean contracts and KC HRW. General Comments After a sharply higher early overnight trade, grain and soy futures gradually calmed down to finish the first trading session of the week in relatively placid style with the exceptions of old crop soybean contracts and KC HRW. May soybeans closed up 10.25 cents after climbing up as much as 28.5 cents early. The sharp rally in the May contract was caused by pricing before the first delivery intention day on Wednesday, a few speculative shorts running for cover and some bull spreading. The old crop so...
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.