World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Without new market-moving guidance of their own, grain and soy futures markets again came under the influence of outside factors as they so often have recently. General Comments Some analysts looking at today's WASDE and USDA's reduced estimates of U.S. ending 2014/15 corn and soybean stocks concluded that the report was at least mildly bullish. The market begged to differ. It is true that soybean futures prices jumped about 6-7 cents immediately following release of the report at noon (EST). However, that little rally effort only lasted just about as long as it takes to describe it. Soybean prices then quickly turned and headed back into the red.One can parse USDA's U.S. and global supply/demand estimates as closely as possible, trying t...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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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.

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