November soybean futures were again about the only agricultural commodity to trade on the plus side today. China said it will sell 300,000 MT of soybeans from its reserves next week as the talk of more vessels heading to U.S. ports continues. General Comments Corn and wheat markets opened softer in the Thursday evening session after the sharp losses during Thursday's regular session. Soybean futures were in their familiar pattern and traded mixed following yesterday's weakness. The soy complex still refuses to break for more than one session before another round of buying steps up to the plate. Wheat turned very weak during this morning's session with corn lower, but not sharply lower. Soybean futures spent much of the day mixed with old...
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.