World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy prices firmed overnight, in part because USDA dropped weekly condition ratings for corn and soybeans further than the trade expected. Another element of support came from FGIS export inspections showing that demand for soybeans and corn remains at a high pace despite trade conflict woes. Soybean inspections totaled 23.3 million bushels last week, nearly twice as much as the same week last year. Soybeans traded up about 4 cents overnight with corn more than 3 cents higher and Chicago wheat up 6 cents. Buying escalated after the recess from commercials and funds alike, and trading was active. Prices did not exactly run away, but the market closed solidly green except for soymeal. Corn closed 3.5-4.5 cents higher, soybeans were u...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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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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