SPREADS May crush trades lower to 63c/bu while oilshare trades up to 35.67%. March/May beans traded into a 2 1/4c to 3 1/4c carry, the lowest level since last August. July/Nov bean inverse trades lower as well, down to 1.68c from 1.75 1/2c. Jul/Dec meal inverse trades from $45.70 down to $42.70. July wheat/corn trades from 1.06 1/2c to 1.07 1/4c. July/Dec corn slips to 71 3/4c from 74 1/2c, with May/July trading down to 8 1/4c inverse from 9 1/2c. PALM OIL May closed up 18 ringgits at 3,540 ringgit/mt. AmSpec Agri Malaysia reported exports for Feb. 1-20 at 697,794 mt, 10% higher than the prev. month. NEWS Stocks are on the defensive this AM trading down 200 pts. Crude oil stil...
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.