GOOD MORNING The markets are called steady but could remain well bid with a macro-risk on day on the outside that could spill-over into grains and soy. President Trump tweeted that the Phase One deal would be signed at the White House on Jan. 15. The Dow was higher overnight as other world markets continue to perform better off the hopes for continued trade talks between the US/China. Most are calling the markets steady, but think that soyoil will open higher following a correction on Tuesday, and a sharply higher palm oil market this morning. That price action should bring a bid to beans, which closed on a strong note last session. Wheat could generate a bid from a constructive chart as well, and a dece...
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.