GOOD MORNING, Prices are attempting to stabilize after funds sold a decent amount of corn, beans, and soyoil on better chances for rainfall, negative political headlines, and broken trendlines. Soyoil prices are emphatically bouncing back and helping to support beans. Wheat prices see double digit losses, led by KC. Improving SRW and HRW crop ratings and falling Minn. wheat pressured prices. More funds are becoming disenchanted with the poor technicals now and a seasonal that says sometimes summertime highs are set in June. The presence of a possible bearish report June 30 and a touch of better weather is enough to send prices lower. The more disappointing performance was the reaction o...
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.