THE OPEN Nov beans: 7 higher Dec soyoil: 18 higher Dec meal: 2.90 higher Dec corn: 5 1/2 higher Dec wheat: 4 1/2 higher There were lots of positive headlines around today which fueled strength in the outside markets, creating an across-the-board day of buying activity. Beans were the beneficiary of positive trade talk tweets, while adverse weather put a positive spin to grains and the soy complex. Stocks were sharply higher as Trump tweeted that he would be meeting with China's Vice Premier. According to headlines, the deal might center in the delay of new US tariffs and relief for Huawei in exchange for a pledge not to devalue China's cu...
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.