THE OPEN Nov beans: 17 lower Dec meal: 2.80 lower Dec soyoil: 108 pts lower Dec corn: 11 lower Dec wheat: 10 lower The markets opened into lower prices due to weight from outside markets, which included sharply lower stocks, weaker energies, and a firmer US dollar. Traders will be monitoring Fed comments this week to get a handle around tapering. Corn prices remained steadier vs. soy, as 1. there is more chatter about disappointing corn yields as we move further into harvest and 2. the bean markets affiliation with Chinese equities, which has in the past resulted in bean market weakness. The possible failure of China's Evergrande Group, a property developer with over $300 bl...
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.