SPREADS Dec. crush trades down to 90c/bu while oilshare trades to 45.43%. Dec/March corn spread narrows into 8c from 9 1/4c. Dec/March wheat trades from 9 1/2c to 11c carry. Dec wheat/corn trades from 1.82 1/2c to 1.79c. The Nov/Jan bean spread trades from 7 1/2c to 8 1/2c, while Nov 21/Nov 22 inverse trades down to 27 3/4c from 32 3/4c. PALM OIL Nov closed down 113 ringgits/mt. AmSpec Agri forecast exports over the Sep 1-10 period at 554,875 mt, well above 368,763 mt mo ago. NEWS Stocks are up over 100 pts with crude oil prices firmer on supply worries. Crude trades to $69.49/barrel, with the US dollar trading to 92.30. CALLS Calls are as follows: beans: 3-5 higher...
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.