GOOD MORNING The market continues to be about weather and demand. Daily announcements for beans to China continues, and is the primary catalyst driving the market higher. China has been in for US corn, and they are constantly auctioning off their own domestic supplies. China's National Grain Trade Center noted it sold a combined 89% of 2015, 2016, and 2018 corn from state held reserves at today's auction. Ukraine corn production has been hurt by adverse weather, knocking out a major competitor. Ideas are that China will continue to honor the Phase One deal, but certainly US origin is the best for US beans until Brazil has harvested their own. Prices continue higher across the board this morni...
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.