The CBOT was higher heading into Friday’s May WASDE report from the USDA with weather and production concerns in various parts of the globe driving futures into the green. The WASDE didn’t really support an outlook for higher trade/prices, but the CBOT rallied anyway after the repor...
The Market After hitting a new contract low yesterday, the trade took July soyoil up nearly 2 cents today and closed out the week with a 3.1 percent rise to 44.44 cents/pound. July soybeans added 4 cents or 0.32 percent for the week, and July soymeal lost 0.08 percent to close out the week at 3...
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.