GOOD MORNING, The markets were mixed overnight, with the exception of soyoil futures which once again traded to new contract highs. Oilshare remains an aggressive bull market on strength in global veg oils for food and for biodiesel demand. Meal consolidates at the bottom of its trading range, while beans are in the middle. The report that is important today will the Feb. NOPA crush, with advertised estimates at 168.6 mln bu vs. the prev. month at 184.65 mln bu., and vs. 166.29 mln bu year ago. Soyoil ending stocks are forecast at 1.839 lbn lbs, vs. 1.799 bln end of Jan, and vs. 1.922 bln lbs year ago. The report will be released at 11:00 central time. The market was relatively subdued in the PM s...
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.