World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy prices posted modest gains during the overnight session. They were led again by wheat, which followed up on Wednesday’s big rally. The volatile Euronext wheat futures also surged ahead, adding to yesterday’s big move. As CME day session trading resumed, however, the Euronext market turned and began a sharp retreat. Its December contract traded as high as 208.25 euros, up 5 euros from yesterday, but then turned south to a close of 201.75, down 1.50 euros. U.S. wheat futures basically followed that same higher-lower pattern today. KC December was up 8.5 cents at its high for the day but closed down 8.25 cents, and Chicago December posted an early gain of 7.75 cents before sliding back into the red to close 6.75 cents...

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feed-grains soy-oilseeds wheat

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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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