SPREADS Dec crush trades to 78.37c/bu, while oilshare corrects down to 32.57 percent. Corn spreads narrowed on the rally with Dec/March trading into 11 1/2c, and Dec 19/Dec 20 narrowing into 19 1/4c from values that were out to 44c. Jan/Nov bean spread narrows into 10c from values that were at 12c. Nov/Jan remains 13 1/4c to 13 1/2c trade. Dec wheat/corn trades from 1.09 1/4c down to 1.04c. PALM OIL 33 ringgits higher following soyoil values from yesterday, with offers higher up $7.50/mt. India is in for buying but other destinations not engaged. NEWS The Dow is trading higher up 80 pts with the US dollar stronger at 99.61 vs. a lower crude oil market which trades to $54.17/barrel. Brazil...
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.