SPREADS May crush trades to 1.04c/bu while oilshare corrects down to 34.77%. July /Dec corn trades from even to 1c carry. March/Dec corn trades out to 11 1/4c from 9 1/4c. July /Nov beans trend weaker trading out to 10 1/4c from 9 3/4c. March wheat/corn trades from 1.85 3/4c to 1.83 1/2c. March/May meal trades from $4.10 to $4.30. PALM OIL April palm down 63 ringgits. Malaysia made a deal to increase imports of sugar from India, which could lead to the removal of the import tax on Malaysian palm oil as the two countries settle a political spat. India is the largest buyer of palm. NEWS Equities are higher up 70 pts. with crude oil trading down to $55.16/barrel...
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.