SPREADS October crush trades down to 90.90c/bu while oilshare improves to 35.0%. Sep/Dec corn narrows into 13 1/4c from 14c, while Dec/Dec trades into 31 3/4c from 33c, and values that were out to 40c. Dec/March trades into 12 1/4c from 12 1/2c. Sep/Dec wheat trades from 7 1/4c out to 8c. Dec wheat/corn trades from 1.94c from 1.90 3/4c. Sep/Nov beans trades from 3 1/2c to 4 1/2c, while Nov/Jan trades from 6 1/2c to 7c. PALM OIL October down 18 ringgits. FGV, Maylasia’s top palm oil plantation, said they expected crude oil prices for the last half of 2020 to range between 2,400 to 2,600 ringgit/mt. May soften in the final quarter of 2020. NEWS Stocks are higher this morning, trading...
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.