GOOD MORNING, It is report day and traders do not expect to see many changes in the numbers, particularly where yields are concerned. The report will factor in the slightly higher acreage data from June 30, and will be released at 11:00 central time. Look for light position-evening to continue into the data. Traders will be looking at how much USDA will lower Brazil's Safrinha corn crop, and what they will be doing with demand numbers. As a reminder, Brazil's Conab was at 93.4 mmt, with the USDA at 98.5 mmt in June. Most private estimates are more in the mindset that the freeze nipped potential back to the 85-90 mmt range for the Safrinha crop. There have been rumors that China has been looking at...
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.