World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Calm Before the Reports

All the major contracts opened in the green but by the close only soymeal, HRW, and the livestock complex remained that way. Profit-taking was one aspect but most noticeable was lower volume for most of the markets, and a narrow trading range for many. It appeared that everything was positioned as desired ahead of tomorrow’s big USDA reports.  Wheat showed the first signs of early cracking as SRW and HRS turned south, followed by soyoil. Thereafter, many of the commodities began to lose their opening shine. By the close, just soymeal, HRW, HRS ,and the livestock complex held onto gains. Still, the past several days of trading have erred toward firming up values even as the trend had been somewhat bearish. 

The morning&rs...

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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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