SPREADS Jan crush trades down to 1.16c/bu while oilshare strengthens to 31.22%. The corn inverse weakens with Dec/Dec trading down to 18 3/4c from 24 1/2c, and values that were at 27c. Dec/March trades back to 1 3/4c carry. Dec wheat/corn trades from 1.94 1/2c to 1.98 3/4c. Dec/March meal inverse weakens to $16.10 from $18.80, but still remains very strong in the big picture. Jan/March inverse weakens to 14c from 16c, also still fairly strong despite profit-taking. PALM OIL Lower in early trade on profit-taking by the bull and following weaker crude oil prices. Fitch Solutions called for palm oil to ease into the end of 2020 before strengthening again in 2021. Cash markets were high with RBD palm...
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.