SPREADS July oilshare trades to 40.21% with crush at 64c/bu. July/Nov bean inverse trades to 1.92c, but closes at 1.86 1/4c. May/July bean inverse trades up to 15c from 13 3/4c. July/Dec meal inverse trades down to $28.60 from $31.10. May/July corn inverse remains firm as the basis is as well, trading to 19 14/c from 17 3/4c inverse. July/Dec corn trades down to 62 1/4c from 65 1/4c. July wheat/corn trades from 85 3/4c to 83 3/4c. PALM OIL June up 129 ringgits at 3,972 ringgit/mt. SGS forecast palm oil exports for March 1-20 at 733,668 mt, down 0.1% from the same period in Feb. NEWS Stocks are 110 pts lower as traders unwind previous buy energy/sell the US dollar spread. For the day, crud...
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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.