One day after shutting one of the most important waterways in the world, the U.S. Coast Guard reopened the Mississippi River near Memphis, Tennessee for river navigation. Yesterday, the Coast Guard closed the river due to a crack in the Interstate-40 bridge. After more detailed review by engineers, the crack and bridge were deemed stable, and traffic has been allowed to resume as normal. The 1½-day suspension of river navigation will ultimately have little impact on the U.S. 2020/21 export program. Fund liquidation and profit taking dominated Friday’s CBOT trade. July corn took the brunt of the selling with funds and speculative traders rolling their positions forward. Yesterday’s collapse in the market spooked man...
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.