Good morning, Prices remain mixed in trading ranges before today's WASDE report at 11:00 Chicago time. Expectations are for higher world numbers, slightly smaller ending stocks. Funds enter today's report net short everything but wheat and soyoil, where they hold sizable long positions. Wheat and soyoil are lower as of the break as funds choose to lighten up before the report is released. Corn, bean, and meal shorts could be looking for a good break in which to cover something in before China comes to possibly start buying ag goods. WEATHER South American weather maintains a favorable bias. Wetter weather in central Brazil could continue to disrupt soybean harvest, with favorable moisture in filling corn and bean areas of Cordoba in Ar...
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.