GOOD MORNING, Prices are mostly lower today as good crop conditions were confirmed in the USDA report. Conditions improved more than expected for beans, and were unchanged for corn. That mostly assures that good crops are coming. STONEX, (formerly FC Stone), forecast 2020 corn yield at 182.4 bpa, with production at 15.230 bln bu. The also forecast beans with a 54.2 bpa and a 4.496 bln bu carry-out. Corn and beans are lower this morning. Soyoil is the only market that is in the green on the back of rising oilshare amidst good veg - oil demand. The USDA August 12 report will include a farmer survey. WEATHER Cooler and slightly drier conditions are in store for much of the Midwest this...
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.