USDA QUARTERLY GRAIN STOCKS REPORT The reaction to the report was friendly for beans and corn, neutral for wheat. Buy-stops were triggered with prices in corn jumping to new highs, expanding the trading range to the upside. Nov beans back over $9.00, wheat neutral. USDA Grain Reports Flash 09/30 11:04 QUARTERLY STOCKS (million bushels) 9/1/19 Avg High Low 9/1/18 Corn ...
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.