GOOD MORNING, Turn-around Tuesday is here and values are higher on a combination of short-covering, bargain - hunting, and pricing activity. July soyoil posts a new contract high, and bullspreads are higher. The markets are working into sideways trading ranges off the lows as support is being reinforced as chart prices work higher. The NOPA report was bearish beans but bullish soyoil. Processor bids are weakening with some markets 5-15c lower than week ago. Beans could falter on the drop in the US export pace, the lack of Chinese buying, and a quick planting pace. However, nearby supplies still remain well supported. Global export offers were flat for Russia and a bit higher for Ukrai...
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.