THE OPEN July beans: 7 higher July meal: .70 higher July soyoil; 37 higher July corm: 6 higher July wheat: 7 lower The markets opened as called with July corn once again in the lead to the upside with the nearby spread strengthening. As the report time approached volumes dipped with some profit-taking, particularly in oilshare as soyoil prices traded both sides of unchanged. At 11:00 central time, here is what the June WASDE had to say: U.S. 2021 Corn, Soybean Production, Yield (million bushels, bushels per acre) Thursday's &...
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.