World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Wheat Defies Profit-taking Elsewhere

THE OPEN November beans:  6 lower December meal:  2.70 lower December soyoil:  3 lower December corn:  1/2 higher December wheat:  1 1/2 lower The tentative overnight trade and lack of sales announcements generated profit-taking from nervous longs at the open in the soy complex, which eventually took corn off its highs in a sympathy trade.    Wheat prices remained solidly bid defying the rest of the board, having already sold off into lower prices the day of report.  Better chances of rainfall in Brazil this AM also triggered the best round of profit-taking from the start of the rally.   SOY

The soy complex opened lower but the amount of longs in the market taking up a huge amount...

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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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