THE OPEN March beans: 8 higher March meal: 1.90 higher March soyoil: 40 higher March corn: 1 3/4 higher March wheat: 8 higher The markets opened higher as more shorts covered into a Reuters story that reported that China's Liu He would sign the Phase One trade deal in the US soon. The news hitting the wires was that Liu would bring a trade delegation to Washington this Saturday. The South China Morning Post reported the story, which created new highs and triggered buy-stops. Later in the session the stock market and crude oil saw a round of profit-taking that seemed to set-off caution on both sides. At 10:00 export inspections were released as follows: Beans: 911,482 mt vs...
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.