SPREADS July crush falls to 84.65c/bu while oilshare remains a firm 31.73%. July/Nov bean spread is slightly weaker trading from 4 1/4c to 5 1/2c carry. July/Dec meal trades out to $5.60 from $4.40 carry. July/Dec corn trades from 13c out to 14 1/4c. May wheat/corn trades up to 2.32c from 2.28 3/4c. PALM OIL June down 65 ringgits, closing at 2,247. Malaysian Palm Oil Board data released on Friday pegged the country's March exports at 1.181 mln mt, up 9.2% vs. Feb, and vs. an estimated 1.146 mln mt. March production was 1.397 mln mt, up 8.4% over Feb., and vs. an estimated 1.314 mln mt. Palm oil ending stocks were 1.728 mln mt, up 1.67% over Feb. levels, and vs. an expected 1.650 mln m...
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.