THE OPEN March beans: 1 1/2 lower March meal: 1.30 lower March soyoil: 11 higher March corn: 2 1/2 lower March wheat: 4 lower The markets opened lower as called, with more weakness in grains emerging as a key feature of trade. Meal prices continued to slide as traders bought soyoil/sold meal. Traders unwound last week's buy corn/sell bean trade, which stabilized beans at the open. Stocks were higher as China intervened in their market after it dropped 9%. Crude oil prices continued to plunge lower, cracking the $50/barrel mark and serving as a negative proxy for other commodities. There are now more deaths from the Coronovirus than in SARS years back, though headlines and news age...
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.