SPREADS Jan crush trades to 1.12c/bu while oilshare trades to 32.80%. Major overnight feature is the weakness in spreads, with Dec/March corn trading out to 6c from 4 1/2c and Dec/Dec inverse falling to 13 1/4c from 17c. Dec/March wheat trades from 7 3/4c carry to 8c. Jan/March beans trade from 1 3/4c inverse to 1/2c. Dec/March meal trades from $5.00 to $4.40 inverse, more congestion trade. Dec wheat/corn trades from 1.77 1/2c down to 1.75 3/4c. PALM OIL Feb. down 20 ringgits to 3,344 ringgit/mt. Futures climbed in early trade maintaining momentum from the previous trading session, but ended lower on profit-taking. Crop shortage in the edible oils market continues to under...
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.