World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Bean and Oil Turnaround

THE OPEN Nov beans:  5 lower July meal:  1.50 lower July soyoil:  24 lower Sep corn:  2 1/2 lower Sep wheat:  4 1/2 lower Prices started the day lower with bean trade weaker than expected as China deals with more Covid-19 cases.    Soyoil prices turned higher as funds continue to own pullbacks.   Wheat prices broke to the downside of recent trading ranges.  Inter-market spread activity kept the soy complex supported at its lows while wheat trends turned weaker.   SOY

The soy complex opened into surprising weakness today with Nov beans falling under important support at $8.70 which triggered sell-stops and a trip towards key support close to $8.65.  Initial nervousnes...

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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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