GOOD MORNING, Better rains in SA and a quiet China export picture weighed on the markets overnight. Whether the rains are sufficient is a question, but it eases the market back. With the recent rainfall there is talk of less acres under stress, with around 90% of Brazil's bean acres now planted as of Dec 3, according to AgRural. The COT showed that funds pared back length mostly for beans and meal, while maintaining a healthy long position in soyoil and corn. It also seems as though funds are looking for protection against long corn and bean positions, and last week there was noted call selling and put buying in options trade for March corn, specifically. Corn still remains well priced on the global stage, wi...
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.