GOOD MORNING, Commodities and equities saw a nice rebound to start the night. All posted gains at the start of the trading session, including soyoil. Gains in soyoil outpaced meal, as has been the case backing oilshare, while wheat prices traded higher as well maintaining recent gains for all three contracts. Prices continue to chop around in wide trading ranges, and have to wonder where the ag prices would have been yesterday were it not for a $5.50 drop in crude and a 900 pt drop in equities. The overhang into the Ag space impacted soyoil futures the most but crude and soyoil are higher. Demand remains a focus and China's pull on the markets may return this fall, particularly for corn given the failure of t...
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.