SPREADS March crush trades to 1.00c/bu while oilshare trades to 36.0%. July/Dec corn trades out to 3c carry from 2 1/4c while March/May trades back out to 7c. July/Nov beans trades from 3c to 4 1/2c. March wheat/corn trades from 1.78 3/4c down to 1.74 1/4c. PALM OIL Feb. down 39 ringgits. Indian palm oil importers have effectively stopped all purchases from Malaysia after the gov. privately warned them to shun product from the country following a diplomatic spat. China may step in but for now is about $5.00 away in cash. NEWS The Dow is up 89 pts while crude oil falls to $59.59/barrel. The US dollar trades up to 97.53. CALLS Calls are as follows: beans: 5-7 lowe...
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.