The Sunday night session was quiet with corn higher while wheat and soybeans were slightly lower. That trading pattern didn’t change today. Corn was strong on concerns about the corn planting pace in the U.S. The cool and wet weather pattern still hasn’t changed with much of the upper Midwest receiving another round of rain and snow this past weekend. There still doesn’t seem to be any solid feeling about when the U.S. and China might agree on a trade deal. There were all sorts of comments by various administration people this morning that one is “near,” but there are still some substantial issues to be resolved. Funds are now short more than 600,000 contracts of corn, wheat, soybeans, soymeal and soyoil. Thi...
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.