SPREADS October crush trades to 91.38c/bu, while oilshare trades to 34.86%. Corn spreads are firmer with Dec/Dec moving into 28 1/4c from 30c, and vs. values that were as wide as 40c. Sep/Dec corn trades into 13 1/4c from 14c. Sep/Dec wheat trades from 7c to 7 1/2c carry. Sep/Nov beans trades from 5 3/4c out to 6 3/4c, while Nov/Jan trades from 7c to 7 1/2c. Dec wheat/corn trades from 1.81c down to 1.77 1/2. PALM OIL Nov. crude oil palm oil down 48 ringgits lower dragged down by a weak partial August exports data and a stronger ringgit. Malaysian palm oil exports for Aug. 1-25 were seen down between 14% and 16%, according to AmSpec Agri Malaysia and cargo surveyor Intertek. NEWS Out...
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.