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feed-grains soy-oilseeds wheat

Market Commentary

Corn was under some selling pressure all day, and trading volume was above average. Another very strong day for the U.S. dollar also helped preserve the bearish attitude in wheat, which did manage a mini-rally into the close. General Comments Markets were again quiet overnight. Their general attitude remains decidedly bearish. This week’s USDA Outlook Forum projections did nothing to change that perception even though there were no significant surprises from what the trade was expecting. The marketplace is resigned to the fact that prices will remain bearish unless crop production is impacted by weather. The time when that can happen is still several months away, so there’s no reason to be in a rush to buy anything today.Outside markets s...

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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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