SPREADS Sep. crush trades to 1.28c/bu while oilshare trades down to 47.87%. Sep/Dec corn trades from 3c to 1 1/2c inverse, while Dec/March trades from 7 1/2c to 7 3/4c. Sep/Dec corn volumes dominated trade, with yesterday's open interest down by 8,650 contracts, and December up by 8,449 contracts. Sep/Dec wheat narrows into 7 3/4c from 8 1/2c, and lows of 10c this week. Dec wheat/corn trades from 1.54 1/2c to 1.63 3/4c. The spread chart still appears friendly targeting 1.80c. August/Nov inverse trades from 63c to 57c, with Sep/Nov inverse trading from 7 3/4c to 7c. Sep/Dec meal trades from $2.10 to $2.60. PALM OIL Profit-taking sees October palm closing down 56 ringgits/mt to 4,371 ringgit/mt. N...
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.