World Perspectives
feed-grains soy-oilseeds wheat

PM Post - All Upward Until Profit-Taking

THE OPEN November Beans:  16 1/4 higher December Meal:  9.40 higher December Soyoil:  14 higher December Corn:  4 higher December Wheat:  8 1/4 higher Prices opened as expected with new highs posted in beans, meal, and corn.  Wheat prices threatened to make new highs, but found profit-taking instead.  Funds are now long an estimated 280K beans, 205K corn, 65K wheat, 102K meal, and 100K soyoil after the net buying activity this week.   SOY

The soy complex opened as expected with beans setting new ctr highs as funds purchased out of the gate.  More business announcements and bullish trends continued the higher theme.   Spreads continued to tighten with Jan/March bean sprea...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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May 26 Corn closed at $4.4375/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.6825/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.695/bushel, down $0.01 from yesterday's close.  May 26 Soymeal closed at $309.9/short ton, down $...

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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