GOOD MORNING, Prices are mostly lower this morning after better than expected crop ratings were released. Wheat prices broke lower yesterday as this market enters into its extreme technical playbook. World values continue higher, though the Euro is fluctuating bringing with it some weaker values for Matif wheat, with the US as a follower. Traders are still looking for the rumored sale of SRW to China, but it is still lacking. Wheat opens higher, and seems to have a point of stabilization. Dec corn is lower, pushing through some recent trendline support at $3.33. One trip lower is usually good to hold, but repeated returns to support eventually erodes it. Higher ratings improve the chance for a tren...
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.