SPREADS May crush trades up to 78c/bu while oilshare trades 40.42%, and vs. values that were 35.0% weeks ago. July/Nov bean inverse softens to 1.55c from 1.59 1/2c, while May/July trades from 13c to 11 1/4c. July/Dec meal trades down to $29.10 inverse, a new low, from $30.40. July/Dec corn inverse trades to 42c but appears to find support and a trading range high of 45c. May/July corn trades from 9 1/2c to 10 1/2c. May/July wheat inverse trades from 5 1/2c to 7 1/4c. May wheat/corn trades from 1.04c to 1.10 1/2c. PALM OIL May up 66 ringgits at 4,126 ringgit/mt. NEWS Stocks are up 50 pts with tech stocks trading lower. The US dollar trades up to 91.95 while crude trades down to $65.4...
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.