SPREADS March crush trades to 95.48c/bu while oilshare trades to 32.47%. Dec/March corn narrows into 5 1/4c from 6 1/4c, no deliveries. March/May corn trades from 3c to 3 3/4c. Dec/March corn trades from 8 1/2c to 10 1/2c on deliveries. March wheat/corn trades from 1.62 1/2c down to 1.60c. PALM OIL Feb. closes down 34 ringgits, as lower exports are weighing on prices. NEWS The stock market is down 140 pts with crude slightly weaker at $43/barrel. The nonfarm private sector in the US added 307,000 jobs in Nov, signaling a slowdown in payroll gains, as reported from ADP. DELIVERIES Soyoil: 100 CHS puts out 100, ABN Amro stops 96 SRW: 110 KC wheat:&nbs...
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.