SPREADS May crush falls to 63.46c/bu while oilshare falls to 33.58%. Inverses are weaker with May/July corn trading to 10 1/4c from 11 1/2c, and July/Dec down to 81c from 85c. May/July wheat inverse trades from 15 3/4c to 13 3/4c. March wheat/corn trades from 1.03 3/4c down to 95c. July/Nov beans trade from 1.85c down to 1.79 1/4c, while March/May trades from 4c to 3 1/4c. PALM OIL April down 162 ringgits to 3,229 ringgit/mt. Traders report that the sharp fall was on news that India would hike an import duty. NEWS Stocks are down 22 pts in quiet trade with crude oil trading to new highs at $55.36/barrel, while the US dollar trades up to 91.30. ADP reported the December total job los...
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.