Trading at the CBOT was active on Tuesday with most major markets scoring wide ranges but ending well away from the day’s extremes. Wheat futures plunged lower amid weakness from the European markets but pared losses heading into the close while corn and soybeans backed away from their day’s highs. The day saw ample spread trade and generally above-average volume as traders continue to position for the upcoming January WASDE. Farm sales remain light as few producers are interested in marketing grain after the CBOT’s early-year pullback. Until the WASDE is released, it looks like the market will continue to see choppy, volatile trade with little fresh directional input. Looking forward to Thursday’s WASDE repor...
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.