Fund selling continued overnight and today, which pushed corn, soybean and wheat futures sharply lower and at/or below key technical support. There were several factors that collapsed prices again this week. General Comments Fund selling continued overnight and today, which pushed corn, soybean and wheat futures sharply lower and at/or below key technical support. It is the poor technical picture coupled with perceptions that warm (hot in some areas) and dry weather will result in improved corn and soybean ratings Monday that collapsed prices again this week.One of the bearish arguments has also been the poor export outlook for U.S. corn, soybeans and wheat. There was some life injected into that outlook this week with USDA reporting more...
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.