GOOD MORNING, Grains continue to weaken vs. the soy complex as the soyoil market remains higher on technical and fundamental merit. Traders continue to buy soyoil on tighter supplies, higher crude and canola, while selling meal. Argentina sells meal as they are under US prices, while stories about expanding ASF are troublesome. Inverses remain firm with US domestic cash values remaining strong. Trading ranges continue sideways as we await the Feb 9 WASDE report, and end of month March 1 stocks and Planting Intentions. The US is exporting a lot of corn despite competition from Argentina, but export sales today were light, which sent prices to a low end close. With net selling of an estimated...
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.