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feed-grains soy-oilseeds wheat

Market Commentary

General Comments Markets were slightly easier in quiet trade again last night. Soybeans were trading 3-4 cents higher today, but corn and wheat mostly traded lower because of the strong U.S. dollar. Its strength was helped by the EU’s decision to continue its policy of economic stimulus with resulting low interest rates as well as the fact that third quarter U.S. gross domestic product (GDP) was unexpectedly high at 3 percent. The thought is that that will (again) make the corn and wheat export markets tougher. USDA announced the sale of 238,000 MT of soybeans to China and 132,000 MT of corn to Spain this morning. U.S. equity markets were again strong on the better GDP number plus big profits in the tech sector. Crude oil was also...

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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

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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