SPREADS July crush trades to 67c/bu while oilshare trades at 38.0%. The Jly/Nov bean inverse weakens to 1.26 1/2c from 1.38c, while May/July trades down to 4 1/4c from 5 3/4c. July/Dec meal trades down to $14.30 from $15.30. July/Dec corn trades down to 52 3/4c from 55 1/2c, while May/July inverse trades from 14 1/2c to 14 3/4c. May/July wheat trades from 1c to 1/2c inverse, barely hanging on to this one. July wheat/corn tradeas from 64c up to 69c. PALM OIL June up 3 ringgits. The Malaysian Palm Oil Council said they believe crude palm oil prices will average 2.846 ringgit for the Q2 2021 time period and peak at 4,190 ringgit/mt. Soyoil ending stocks at the end of 2021 could be 1.12 m...
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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.