SPREAD Sep. crush trades to 1.13c with oilshare prices trading up to 47.03%. Sep/Dec corn goes from an inverse trade to 4 3/4c carry from 3 3/4c. Dec/March trades into 6 1/4c carry from 6 1/2c. Sep/Dec wheat trades out to 14 3/4c carry from 12 1/4c. Dec wheat/corn trades from 2.11c from 2.03 3/4c. The Sep/Nov bean inverse trades from 10 3/4c down to 6 1/2c, while Sep/Dec meal trades from $2.40 out to $3.00 carry. PALM OIL Palm oil prices stronger in the PM session tracking a stronger soyoil futures market. However, weak exports may weigh on crude palm oil futures in the short term. Intertek estimated exports for the first half of August fell 23% from July 1-15 time period. NEWS Stoc...
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.