THE OPEN November beans: 2 1/2 higher December meal: .40 higher December soyoil: 14 higher December corn: 2 1/4 lower December wheat: 3 lower The markets opened as called with more buying in oilshare. December soyoil and beans traded to new highs while wheat prices remained well bid for much of the day. Rumors continue to circulate that China is in for HRW, but no confirmation so far. Charts still remain positive for all the markets, so funds keep buying. September contracts continue to liquidate moving into first notice day next week. First position day is Friday, first notice day Monday. Weather watchers continue to monitor Hurricane Laura as it is likel...
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.