World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Overnight trade saw prices ease lower, led by soybeans. With no changes in the U.S. wheat supply/demand, wheat futures prices looked to the other markets for guidance, General Comments Grain and soy complex futures prices tumbled lower again today in the wake of Monday’s estimates from USDA that had the U.S. soybean crop larger than expected and the decline of estimated corn production smaller than expected. The September WASDE gave reason for non-commercial soybean longs to exit their positions or at least cut them back, and that is what happened today. On the other hand, non-commercials short corn and wheat futures found no reason to cover those positions in the WASDE.Overnight trade saw prices ease lower, led by soybeans. They continue...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

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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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