GOOD MORNING, Prices started the session mainly mixed but turning two-sided during the overnight hours. Funds were net sellers yesterday as prices chop back and forth. The funds are now estimated to have increased their wheat length to around 10K, while long 235K corn. Funds are estimated to be long 85K beans, 15K meal, and 60K soyoil. Weather patterns continue to be the same, with the western Corn Belt in dryness while the east continues to see mostly beneficial weather. Higher bean crop ratings this week keeps the bull off the mark, while traders feel that corn is moving through pollination successfully, at least in the south and the eastern Corn Belt. Beans: Slower crush rates and higher soyoi...
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.