The country song Oklahoma Breakdown (originally written by Mike Hosty, subsequently popularized by red dirt country artist Stony LaRue, then eventually covered by Toby Keith who, in this analyst’s opinion, ruined it) contains the line “That Oklahoma Breakdown sure do got you cryin’” – a statement that could be made of soybeans. The Soybean Futures Breakdown sure does have a lot of bean bulls crying as futures plowed to new contract lows on Wednesday. The soybean market continues to face myriad bearish influences that triggered the recent selloff, for which there is little end in sight. The selling pressure pulled corn lower as well despite USDA announcing large export sales to Colombia. Overall, bears were in full control of the CBOT with f...
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.