SPREADS July crush trades to 85.54c/bu while oilsahre is slightly weaker trading down to 30.93%. July /Dec corn firms to 17c from 17 1/2c, while May/July trades from 7 1/2c to 8 1/2c. July /Nov beans firm to 2 1/4c from 4 1/2c as more export chatter increases. May/July wheat inverts to 6c from 5 3/4c on lack of deliveries. July wheat/corn trades from 1.98 3/4c to 2.03 3/4c. PALM OIL Closed for the week NEWS There is a risk-off reaction to comments from President Trump who said he would possibly retaliate in some form against China for the virus. Stocks are down 465 pts on heightened trade tensions, and the US dollar falls to 98.85. Crude firms to $20.48/barrel as more production cuts are...
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.