SPREADS Dec crush trades to 82.43c/bu while oilshare trades to 32.55%. Bull-spreads are in play with Dec/March corn trading into 10 1/4c from 11 1/2c. Dec 19/Dec 20 spread trades from 24 3/4c into 20 1/4c. Bean spreads are steady with Nov/Jan at 14c from 13 1/2c. Jan/March trades from 11 1/2c to 12c. Dec/March meal widens out to a $5.90 carry from $5.70. PALM OIL Nov down 17 ringgits......cash down $2.50. India is considering restricting imports of some Malaysian products including palm oil. Indian is the largest user of edible oils and would look to replace the oil with supplies from Ukraine, Argentina, and Indonesia. Malaysia's Prime Minister's office said they have not...
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.