THE OPEN May beans: 8 higher May meal: 2.20 higher May soyoil: 25 lower May corn: 8 higher May wheat: 1 3/4 higher The markets opened as expected with more weakness in soyoil on profit-taking in oilshare, as the markets maintained their strength throughout the day for the most part. Stronger bean and meal price action supported the rest of the markets throughout the trading session. Reports of better hedge pressure were noted for new crop corn. At 10:00 export inspections are as follows: beans: 183,986 mt vs. 337,159 mt week ago wheat: 613,595 mt vs. 461,368 mt week ago corn: 1,524,777 mt vs. 1,727,589 mt week ago Inspections were good for grains, low end for...
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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.