SPREADS July crush trades to 74c/bu while oilshare trades to 44.52%. The July/Nov bean inverse trades to 1.69c, off the low of 1.66c, and up towards 1.74c. July/Dec meal inverse is weaker trading down to $8.11 from $10.90, and what was closer to $20.00 week ago. July/Dec corn inverse trades from 1.21 3/4c high to 1.17 3/4c. Sep/Dec corn inverse trades down to 26 1/2c from 29 1/4c. July wheat/corn trades from 20 3/4c to 18c. PALM OIL August futures down 193 ringgits lower ending at 4,109 ringgit/mt. Intertek estimated exports for the May 1-20 period at 953,474 tmt which was an increase of 17% vs. mo ago. NEWS The stock market is slightly lower down 29 pts with crude oil breaking to $...
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.