THE OPEN May beans: 11 lower May meal: 4.00 lower May soyoil: 23 lower May corn: 12 lower May wheat: 11 lower The markets opened lower as a result of the reversal trade, which set the tone for more profit-taking at the open as sell-stops were triggered. All eyes were on export sales this morning, though the holidays last week in China and Brazil set the stage for low expectations. Those expectations were met and exceeded, and the reversal trade was on. Meal gained on soyoil as oilshare saw profit-taking, which helped beans to come back from fresh lows. Barges are slowly returning to normal workloads after supplies were halted due to the cold weather extremes. For...
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.