THE OPEN July beans: 2 higher July meal: 2.00 higher July soyoil: 35 higher July corn: 8 higher July wheat: 10 higher The markets opened stronger than expected with all putting in a good rally led again by soyoil and corn futures on a combination of short-covering, bargain-hunting, and pricing. Good export sales lifted corn prices from the start of the session, while oilshare gained more ground. In news stories, US and Chinese trade representatives met, reconfirming their commitment to the Phase 1 trade agreement, which is now in its second and final year. The Chinese are asking for a roll -back of the tariffs put in place by the Trump administration as a pre-condition to negotiating the next...
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.