Corn and soybeans staged reversals to yesterday’s WASDE-driven declines while wheat continued tacking higher on the report’s forecasted decline in global supplies. The price gains in feed supplies may have spooked livestock as those contracts traded lower. Also lurking in the background were questions about Black Sea grain impacted by the war. Even as USDA increased its forecast for Ukrainian wheat exports, Russia has damaged that nation’s Black Sea export facilities at the same time EU nations to the west have pledged not to allow passage in their direction. Meanwhile, Ukraine lobbed several missiles at Russia’s Sevastapol shipping port and pledged to send more of the same. Outside markets may also hav...
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.