GOOD MORNING, Prices are mixed, higher wheat and soyoil, in what appears to be trading ranges from the top. The higher equities market seemed to be the focus of the day yesterday, robbing the ag markets of their upside trends. Wheat futures were lower on the higher US dollar and rising freight costs, which makes US wheat uncompetitive and in need of searching for that level that sparks demand. Today, short-covering lifts wheat from its lows as major support is tested. Wheat is also following the Matif wheat market, which placed eight-year highs. Wheat also finds support from lower ratings in Kansas, Oklahoma, and Texas wheat after the extreme cold weather last week. Of note is that Rus...
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.