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feed-grains soy-oilseeds wheat

PM Post - Weathered Lower

THE OPEN November beans:  2 1/2 lower December meal:  steady December soyoil:  33 lower December corn: 4 lower December wheat:   3/4 lower The markets owned as called with prices turned mixed after the open as recent shorts covered beans and new buyers were attempting to find places to enter.  Products were firm as soyoil futures traded higher from lower.  Wheat prices rallied on short-covering.  Traders were booking profits on recent buy corn/sell wheat spread trade.   In a separate story, Brazil's President Bolsonaro tested positive for Covid-19.   SOY

The soy complex opened on a steady note with soyoil prices gaining on meal.  December soyoil charts were construc...

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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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