Note: The CBOT and WPI’s offices will be closed Monday, 6 September 2021 for the U.S. Labor Day holiday. The CBOT was mixed on Friday with soybeans and wheat finding some strength while soymeal and corn futures continued their weaker trend. Trading volume was light ahead of the U.S. long holiday weekend and a “risk off” mentality was in play. Funds were net sellers of some 10,000 corn contracts but bought some 6,000 soybean futures and 5,000 contracts of wheat. Position liquidation remains funds’ key theme, however, especially with the U.S. Midwest weather turning favorable. The Port of New Orleans reopened late Wednesday and the U.S. Coast Guard has allowed traffic along the Mississippi river aga...
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.