SPREADS May crush trades higher to 1.01c/bu, from values that were 95c/bu this week. Oilshare is back under 35% again to trade to 34.71%. July/Dec corn trades from 1 1/4c to 1 1/2c carry. July/Nov beans trade from 12c to 12 1/2c. March wheat/corn trades from 1.73c to 1.75 1/4c. March/May wheat inverse trades from 2 1/4c to 2 3/4c inverse. PALM OIL April trades down 40 ringgits, with cash offers down $7.50/tm. Ahead of the Malaysian Palm Oil board data released on Feb. 10th, analysts are forecasting production at 1.213 mmt, with exports at 1.282 mmt. Ending stocks are expected at 1.760 mmt. NEWS Stocks were down over 100 pts as traders book profits on this week's gains.&n...
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.