GOOD MORNING, The markets were lower overnight as we cap off a week that contained a rally, and will end with good harvest weather across the heart of the Midwest. Soyoil futures encountered its ups and downs, but it was mostly lower yesterday on the back of weaker energies and digestion of the negative NOPA report this week. Bean prices follow a still ever-trending lower soyoil market in the PM session. Basis levels and cash prices are firm, with spreads recently narrowing. Bean spreads are firming this morning, corn spreads a touch weaker. Choppy trade is keeping most traders close to home, doing only what they need to do. End-users sit below the market, while selling on rallies most entices recent bu...
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.