The quietude of yesterday’s grain and soy futures markets continued in the overnight trading session. Volume and price movement were limited with nothing significant to inject trading interest or volume into the markets, and prices stayed close to Wednesday’s closes. At this morning’s recess, corn was fractionally higher, wheat was down 1-2 cents, and soybeans were off more than 3 cents. The day session started quietly as well, but prices began to move more aggressively. Corn futures extended their minor overnight gains, closing up 2.75-4 cents and not far from session highs. Soybeans recovered their overnight losses and traded green numbers during the last half of the day session, finishing with gains of 3.5-4 cents. Wint...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
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.