World Perspectives
biofuel

The Political/Economic Situation at Labor Day

Monday is the U.S. Labor Day holiday – it marks several things, including the nominal end of summer. With the end of summer comes a drop in gasoline demand (read ethanol) as vacation travel ends. There will be a temporary increase in meat demand for holiday barbecues, but then a seasonal drop until the Christmas holidays. It is also the start of a new crop year, and in election years, Labor Day is the kickoff of the frenetic campaign season and the final stretch until the election day. Over the past decade, it has also marked the countdown to getting appropriations bills passed. FY 2020 fiscal year ends in three and a half weeks, and to date Congress has not passed a budget. It’s unlikely they will prior to the election. What w...

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Summary of Futures

Dec 20 Corn closed at $3.785/bushel, up $0.0325 from yesterday's close.  Dec 20 Wheat closed at $5.75/bushel, up $0.1875 from yesterday's close.  Nov 20 Soybeans closed at $10.435/bushel, up $0.15 from yesterday's close.  Dec 20 Soymeal closed at $342.1/short ton, up $6.8 from ye...

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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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