SPREADS May crush trades to 68c/bu while oilshare trades higher to 34.92%. Spreads are firmer with July/Dec corn trading from 77 3/4c up to 82c inverse, with May/July firming from 11 1/2c from 13c. May/July wheat inverse trades from 14c to 10 1/4. July wheat/corn trades from 1.08 1/2c up to 1.12 1/2c. PALM OIL April closed 6 ringgits higher. Palm oil was higher with AmSpec showing Malaysian exports were up 27% on the month during Feb. 1-15. NEWS Stocks are up 100 pts to new highs with the US dollar trading to 90.11, and crude trading over $60/barrel this morning, new monthly highs. CALLS Calls are as follows: beans: 8-10 higher meal: 80-1.00...
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.