SPREADS Dec crush trades 1.12c/bu while oilshare trades 45.90%. Sep/Dec corn narrows into 2 1/4c from 3c after trading as wide as 5c or more, and from an inverse. Dec/March corn narrows into 7 - 7 1/2c. Sep/Nov bean inverse is firmer trading from 5c to 6 3/4c. Sep/Dec meal carry trades from $2.40 to $2.80. Dec wheat/corn firms to 1.90c from 1.73c, with very good chart support at 1.69c - 1.70c. PALM OIL Oct. down 61 ringgits/mt to 4,420 ringgit/mt. NEWS Stocks are slightly higher while crude oil trades lower vs. the stronger US dollar. Inflation readings will be released which could be of concern if they are running high. CALLS Calls are as follows: beans: 15-19...
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.