SPREADS Oct. crush is higher today, trading up to 1.03c/bu while oilshare is lower at 32.81 percent. Corn spreads are firmer with Dec/March trading into 13c from 13 1/4c. Dec 19/Dec 20 corn spread trades into 40 1/4c from values out to 41 1/2c. Nov/Jan bean spread trades into 13 1/2c from 13 3/4c. Dec/March wheat narrows into 4 1/2c from 6 1/2c. Dec wheat/corn strengthens to 1.06c/bu from 1.01 3/4c. PALM OIL Nov down 13 ringgits due to India announcing an additional 5 percent tariff on Malaysian RBD palm. NEWS The Dow continues to put in strong price action, up 250 pts as it appears that talks between US/China will be ongoing. ADP US August private payrolls were up 195,0...
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.