THE OPEN November beans: 1 higher December meal; 2.30 higher December soyoil: 32 lower December corn: 3/4 higher September wheat: 6 3/4 lower The markets opened as expected with the grains generally weaker vs. higher beans and meal. Good weather was the main feature weighing on corn and beans. Wheat futures became the sell-leg of inter-market spreads. Oilshare was lower as traders bought meal/sold soyoil. At 10:00 export inspections were released as follows: beans: 472,680 mt vs. 454,19 mt week ago corn: 797,487 mt vs. 1,175,910 mt week ago wheat: 544,010 mt vs. 512,305 mt week ago Export inspections for both corn and beans came in lower than trade expectations, ad...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.