World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

It is WASDE week with the November edition due out Thursday noon (EST). Barring emergence of something surprising, grain and soy markets are expected to be rather quiet until then. That was certainly the case today. After a mixed start, grain and soy prices edged lower overnight. It could be called another Turnaround Tuesday (hardly a week goes by without one), but there was not much from which to turn around. During the day session, soybean and soyoil prices traded a bit higher. Meanwhile, corn hung close to unchanged with the December contract holding to a 2-cent trading range. Chicago and KC wheat finished lower, and MGEX wheat closed slightly mixed. Fund positioning ahead of Thursday’s report was the one standout feature of today...

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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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