SPREADS Crush firms to 99.91c/bu, while oilshare trades to 31.0%. Spreads are generally firmer with July/Dec corn narrowing into 13 3/4c from 15c. Jly/Dec wheat firms into 13 1/2c from 14 1/4c. July/Nov beans trades from 7 1/2c to 9c. July wheat /corn trades from 2.01 1/2c to 1.97 1/2. July/Dec meal trades into $1.70 from $2.40. PALM OIL July closed up 34 ringgits, ending higher on bargain-hunting. For the week palm was down 3.3% on worries about rising stockpiles and lower exports due to lock-downs. NEWS Stocks are higher today, up 690 pts, with crude trading to new lows at $17.53/barrel. The US dollar remains weaker trading to 99.69. CALLS Calls today are as fo...
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.