THE OPEN July beans: 1 lower July meal: .80 lower July soyoil: 14 lower July corn: 5 lower July wheat: 15 lower Prices opened as expected with more selling in wheat futures and oilshare. Better weekend weather and a very important May 12 USDA report are the major catalysts for a liquidation day of trade. The cancellation of corn seemed to overshadow the new crop sale, while wheat values traded lower. Spreads were firmer with the corn and bean inverses strengthening. Today and tomorrow may continue to be about position - squaring in front of the USDA report Wed, to be released at 11:00 central time. At 10:00 export inspections were released as follows: corn...
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.