SPREADS August crush trades to 84c/bu while oilshare trades to 43.62%. Jul/Nov bean inverse trades from 1.04 1/2c down to 75 3/4c. Sep/Dec meal trades from $3.20 carry out to $5.00. July /Dec corn trades from 1.03 1/4c down to 94 1/2c, while Sep/Dec trades from 17c down to 14 1/4c inverse. Dec/March wheat trades from 5 1/2c carry to 6 3/4c. Dec wheat/corn trades from 1.21c down to 1.14c. PALM OIL Sep. palm oil futures closed up 38 ringgits at 3,415 ringgit/mt. NEWS Stocks are down 130 pts with the US dollar firmer trading to 92.07 while crude oil trades to a low of $70.33/barrel. CALLS Calls are as follows: beans: 50-55 higher meal: 6.40-7.20 higher...
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.