THE OPEN July beans: 20 lower July meal: 6.20 lower July soyoil: 64 lower July corn: 17 lower July wheat: 7 1/2 lower The markets opened in line with trade expectations, but poor export sales and a negative reaction to the report yesterday set a deeper sell-off in motion. Sell-stops were triggered in many of the markets as prices worked lower making today an exchange of ownership as funds sold into commercial scale-down pricing activity. Oilshare traded higher as traders were back to buying soyoil/selling meal once again, though weaker crude and lower . In stories, the US Coast Guard announced on Wed. that it has closed the Mississippi River near Memphis, Tenn., due to a crack near the...
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.