World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy futures traded higher overnight. Support came from lower weekly crop condition ratings for corn, soybeans, and spring wheat and higher prices for Paris wheat futures. Additional support came from a general strengthening of world wheat and feed grain prices as the disappointing EU and Russian wheat harvests wind down. Soybean futures prices bounced off yesterday’s losses and were up around 9 cents at the close of the overnight session, while Chicago wheat was up a dime and corn futures added about 2 cents. Things changed during the day session. There was a movement to unwind long corn/wheat versus soybean spreads by those traders who put them on in the wake of the Chinese soybean tariff. Motivation for the spread unwindi...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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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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