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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 19 Corn closed at $3.7725/bushel, up $0.02 from yesterday's close.  Dec 19 Wheat closed at $5.1025/bushel, down $0.0225 from yesterday's close.  Jan 20 Soybeans closed at $9.31/bushel, down $0.055 from yesterday's close.  Dec 19 Soymeal closed at $304.9/short ton, down $0.7 from yesterday's close.  Dec 19 Soyoil closed at 31.5 cents/lb up 0.07 cents from yesterday's close.  Dec 19 Live Cattle closed at $119.25/cwt up $0.25 from yesterday's close.  Jan 20 Feeder Cattle closed at $145.875/cwt up $0.1 from yesterday's close.  Dec 19 Lean Hogs closed at $64.125/cwt down $0.175 from yesterday's close.  Dec 19 WTI Crude Oil closed at $57.42/barrel up $0.27 from yesterday's close.   ...

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feed-grains soy-oilseeds wheat

Market Commentary

Spread trade was the biggest feature of the day with traders rolling out of December contracts and into deferred contracts. December options expired this afternoon and there was a solid round of positioning/rolling contracts around that fact. Wheat futures were higher with no deliveries yet reg...

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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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