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feed-grains soy-oilseeds wheat

Market Commentary

Markets traded mixed during the overnight session but closed with wheat up 6-7 cents and small gains for corn and soybeans. Today’s session traded much the same way with corn and soybean futures markets mostly steady and wheat higher. Volume was less than average, which has been the case for much of this week. Today was the last trading day for September futures contracts. The market will continue to digest the USDA reports released Wednesday. The key issues going forward will be whether corn and soybean harvest results confirm USDA’s record yield estimates and if Russia eventually curtails its wheat export pace. World weather is basically unchanged from recent weeks. It is still dry across parts of the Black Sea and Western E...

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feed-grains soy-oilseeds wheat

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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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