SPREADS March crush trades to 69.79c/bu while oilshare trades back up to 32.0%. July /Nov bean spread is in capitulation with the inverse falling to 1.62c from 1.83 3/4c. March/May bean trades from 3 1/2c inverse down to 2c. March/May meal inverse trades from $4.10 down to $3.00. March wheat/corn trades from 1.50 1/4c down to 1.39 1/2c. July/Dec corn trades softer down to 63c inverse from 70 1/4c. PALM OIL April down 42 ringgits lower, down 1.3%, top 3,225 ringgits/mt. SGS estimated palm oil exports for the Jan 1-20 period at 572,901 mt, down 43.3% from the Dec 1-20 estimate at 1.010 mmt. NEWS Stocks are 100 puts higher as crude oil trades up to $53.69/barrel. The US dol...
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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.