THE OPEN November beans: 1 higher December meal: .20 higher December soyoil: 1 higher December corn: 1/4 higher September wheat: 3 lower The markets opened with short-covering in corn and beans. Profit-taking in oilshare was noted with beans stabilizing on a series of business flashes this AM. Buy corn/sell wheat trade was also noted, along with buy meal/sell soyoil. At 10:00 export inspections were as follows: Beans: 635,656 mt vs. 557,607 mt week ago (and vs. an expected 535,000 mt) Corn: 1,140,979 mt vs. 726,657 mt week ago (and vs. an expected 925,000 mt) Wheat: 379,949 mt vs. 556,154 mt week ago (and vs. an expected 565,000 mt) Inspections were low end for wh...
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.