The soy complex dominated the markets as a "star performer" on Wednesday, 15 January 1997, and set a "firm tone" for the corn market. According to WPI's market analyst: For once, commercials and funds got on the same page, and both groups were net buyers of the soybean and meal markets today. Commercials were also bull spreaders of soybeans. Oil lagged behind. There was some buying of meal against sales of oil.Funds were net buyers again of about 20 million bushels of corn, running total fund purchases since Friday to about 145 million bushels. Today's volume was noticeably subdued compared to the previous three days, however.Commercials were buyers and bull spreaders of wheat in a modest way, but the volume was not enough to bring positiv...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.