THE OPEN November beans: 6 lower December meal: .20 lower December soyoil: 32 lower December corn: 3 3/4 lower December wheat: 5 1/4 lower The markets started the day defensively with buyers standing back waiting for prices to come to them rather than aggressive fund selling out of the gate. The macro trade was front and center today as US/China applied new tariffs on each other's imports over the weekend with a question mark on if there would be further meetings in September. The stronger US dollar continued to weigh on commodities as it becomes a flight to safety trade. Buy soy/sell grain trade was the trade feature. EXPORT INSPECTIONS At 10:00 export inspections we...
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.