It was a relatively tempered day in the proverbial trading pits with things not going quite as expected. • While the export sales report this morning imposed strong bearish sentiment on corn and the December contract trading down six cents at one point, it ended up taking a very minor loss. • Wheat prices were aided by continued problems in the HRS crop, but it was the Minneapolis contract, over-bought after rising for six straight days, that ended in the negative. By contrast, Chicago and Kansas City had gains. • Strong export sales and talk of even more Chinese soybean purchases made it seem that bulls would take out the shorts in the market. Indeed, the November contract at one point was trading up six...
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.