GOOD MORNING, Prices continue to rebound this week on the back of more Chinese purchases of US goods, as an announced conference call next week between Chinese and US trade negotiators takes place. In front of featured negotiations, China appears to make good on promises to continue to buy from the US. It was the announcement of corn to China that got the ball rolling for trade yesterday, with an up-hill direction for a change prompting short-covering activity. In addition to China purchasing corn, news-wires reported that China purchased six cargoes of US beans Thursday out of the Gulf. Bears are watching the market technically for signs of furthering strength. Farmers are disengaged while plantin...
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.