SPREADS Dec crush trades higher to 1.28c/bu while oilshare firms up to 47.54%. Dec/March corn trades out to 9c from 8 1/2c. Dec 21/22 inverse trades down to 5 1/4C from 7 3/4c. Dec/March wheat widens out to 12c from 11 3/4c. Dec wheat/corn trades from 2.18 1/2c to 2.08 3/4c. Nov/Jan bean carry widens out to 10 1/2c from 10 1/4c, while Nov 21/22 trades out to 3 1/2c carry from 1c inverse. Nov/March widens out to 20c from 19 1/4c. PALM OIL Dec palm jumps to a record higher over 4,700 ringgit/mt on the back of higher crude and as market survey pointed tightening Sep ending stocks and mediocre production. Dec. up 159 ringgits to 4,742 ringgit/ton. NEWS Stocks are up 18...
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.