GOOD MORNING, The markets put in a fairly subdued trade in the PM session as we head into the February 9 WASDE next week. Some feel that the USDA may not change much data until the March report. The lower carry-out numbers are going to keep trading range lows intact in all likelihood. The mission of the market has been to define value ranges ahead of the data which the markets have now appeared to have accomplished. In the process, trends have been sideways or higher, and there are currently no major technical reversals that indicate charts are breaking to the downside. The Goldman Roll begins today as March contracts are spread forward or liquidated. Minor and major trends are still ongoing. ...
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.