World Perspectives
feed-grains soy-oilseeds wheat

Too Much Pursuing Too Little

Too much supply pursuing too little demand has been the predominant common thread tying up grain and soy markets for more than a year. The markets’ job is (or should be) to bring both into closer balance by encouraging consumption and discouraging production.After being out of touch with markets and anything related to them since last weekend, we have been trying to catch up today. Among other things, that effort of course involves a quick look at this month’s USDA WASDE. The February issue seldom produces big market-moving surprises, and this edition stayed true to form. There were a number of tweaks to U.S. and world supply/demand estimates as well as to South American production estimates, but none could truly be classified as surprising...

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feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

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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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