SPREADS December crush trades to 1.13cbu while oilshare trades to 45.27%. The Sep/Nov bean spread has moved from a 37c inverse down to 14c as we approach first notice day Tuesday. Nov/March bean spread trades from 5 1/2c to 6 1/4c. Dec/March meal trades from $0.60 to $2.00. Sep/Dec corn trades from 4 1/2c inverse to even while Dec/March trades from 6 1/4c to 6 3/4c. Dec wheat/corn trades from 1.85 1/4c to 1.83 1/4c. PALM OIL October down 79 ringgits/mt to 4.254 ringgit/mt. NEWS Stocks are 20 pts higher with crude trading firmer after hitting a low of $6.67/barrel. The US dollar is firmer at 92.73. CALLS Calls are as follows: beans: mix...
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.