World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Improving corn conditions and presidential tweets noting that China has not purchased any agricultural goods sent the markets lower overnight. The tweets suggested there has been little progress negotiating a trade deal, and traders are worried the president may be getting ready to apply more tariffs on Chinese goods. The soybean market desperately needs a trade agreement to spark some bullish sentiment, and today’s social media revelations were hardly encouraging. The day session saw continued selling at the open after yesterday’s poor close and technical weakness overnight. Even though soybeans did not move higher on earlier rumors of Chinese purchases/trade war progress, the negative news today certainly drove the market low...

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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.

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