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feed-grains soy-oilseeds wheat

Quick Hit.....something interesting

USDA is scheduled to release its September WASDE report this Thursday at 11:00 Central time.  Funds will enter this report net short across the board, which makes it expensively important that bearish data backs the major trends at hand.   Traders are selling the market into the report expecting to find numbers not very different than August data.   General expectations include a possible cut to corn exports and yield, possibly tighter bean carry-outs with slightly smaller yield, and possibly higher wheat exports given the pace of recent export inspections and export sales reports.  The following tables assembled by the Dow Jones’ Wall Street Journal reflect the guestimates going into Thursday:

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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May 26 Corn closed at $4.4375/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.6825/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.695/bushel, down $0.01 from yesterday's close.  May 26 Soymeal closed at $309.9/short ton, down $...

feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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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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