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Summary of Futures

Mar 19 Corn closed at $3.7575/bushel, up $0.0075 from yesterday's close.  Mar 19 Wheat closed at $5.0675/bushel, up $0.035 from yesterday's close.  Mar 19 Soybeans closed at $9.07/bushel, up $0.12 from yesterday's close.  Mar 19 Soymeal closed at $314.9/short ton, up $5 from yesterday's close.  Mar 19 Soyoil closed at 28.18 cents/lb up 0.33 cents from yesterday's close.  Feb 19 Live Cattle closed at $123.525/cwt down $0.35 from yesterday's close.  Mar 19 Feeder Cattle closed at $145.95/cwt down $0.8 from yesterday's close.  Feb 19 Lean Hogs closed at $61.7/cwt up $0.725 from yesterday's close.  Feb 19 WTI Crude Oil closed at $46.6/barrel up $1.19 from yesterday's close.   ...

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Mar 19 Corn closed at $3.8175/bushel, up $0.0175 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0 from yesterday's close.  Mar 19 Soybeans closed at $9.1675/bushel, up $0.09 from yesterday's close.  Mar 19 Soymeal closed at $315.1/short ton, up $2.9 from yest...

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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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