The Market Early August delivered cooler air and rain showers, setting up good survival conditions for what is expected to be a return of heat and dryness, particularly to the west, over the coming week. The market reacted to the prospect of no rain for the next 10 days during a critical pod filling stage. November soybeans gained 45.75 this week. Perhaps betraying the dour news about China's economy is rising soybean values in the Middle Kingdom. September soyoil gained 4.16 cents and is priced at 68.29/pound, the highest thus far for the year. Oil demand is driven by biodiesel, and it has pushed crush margins to nearly $4/bushel. Soymeal is along for the ride, adding 30-cents this week to the December contract for a value of 389/S...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.