SPREADS July crush trades to 57c/bu while oilshare trades to 29.25% in correction mode. July wheat/corn trends lower, placing a trade at 88c from 96c. The trend of this spread is lower targeting 50c. May/July corn trades from 13 3/4c down to 11 1/2c, while July/Nov inverse trades from 1.73c down to 1.69c. July/Dec meal trades from $31.30 inverse to $29.00. July/Dec corn trades weaker down to 64 1/4c from 66 3/4c, while May /July strengthens to 16 3/4c from 15 1/2c. Nearby firm corn spreads remain a feature of trade right now. PALM OIL June palm oil trades down 141 ringgits to 3,796 ringgit/mt. NEWS Stocks trade both sides of unchanged with crude oil trading down to $63.33/barrel, and the...
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.