THE OPEN March beans: 10 lower March meal: 4.20 lower March soyoil: 25 lower March corn: 1 lower March wheat: 6 lower The markets opened as called but prices broke lower in choppy trade as funds continue to appear to liquidate a portion of their bean length. Buy corn/sell bean trade continues as the soy complex and grains were lower into the midday portion of the session, mostly sparked by fund re-positioning. Truckers strikes continue in Argentina and Brazil which could eventually turn some business back to the US. At 10:00 export inspections are as follows: beans: 1,792,367 vs. 2,102,976 mt (vs. an expected 1,625,000 mt) wheat: 396,873 mt vs. 571,677 mt week ago (v...
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.