The volume of overnight trade appeared to be quite low as one might expect just before a major holiday. Markets were mixed overnight with wheat and soybeans lower, while corn had barely edged into the green. Trading was a bit more active in the shortened day session. General Comments On this day before Christmas, we want to wish everyone a wonderfully happy and safe holiday!The volume of overnight trade appeared to be quite low as one might expect just before a major holiday. Certainly, the trading population in Asia and Europe was reduced. Markets were mixed overnight with wheat and soybeans lower, while corn had barely edged into the green.Trading was a bit more active in the shortened day session. Prices were led lower by the wheat mar...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.