THE OPEN March beans: 11 lower March meal: 2.20 lower March soyoil: 81 lower March corn: 6 3/4 lower March wheat: 10 1/2 lower The markets opened lower as called as a risk-off day proceeded to add weight to prices across the board. Funds sold into commercial pricing activity as trading range lows were tested in corn, beans, and meal. Oilshare continued to head lower on a continuation of weak chart patterns and energies. Beans fought for acreage today with traders taking profits on recent buy corn/sell bean trade, with the new crop bean/corn ratio at 2.35%. At 10:00 export inspections are as follows: wheat: 223,994 mt vs. 516,309 mt week ago beans: 1,038,840 mt vs. 1,206,14...
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.