GOOD MORNING, Finally......election day is here. Many of the markets have gyrated to the unknowns of this event, and Ags are not immune. However, the November 10 WASDE is around the corner, and that will better clarify where prices should be right now. Tighter carryouts, lower yields, and higher exports are on the menu. Prices are hinting at trading ranges, as possible new shorts in corn fight it out with old and new longs. Corn also finds some support with US prices competitive. Beans bounce back after always appearing ready to go over the edge. Traders are watching for signs that China is entering the market on breaks. Beans are higher with Reuters reporting that a conta...
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.