SPREADS July crush trades to 88.94c/bu while oilshare trades to 42.18%. Spreads are higher this morning with July/Nov bean inverse firming to 1.65c from 1.56c, while July /Dec meal trades to $23.60 from PM lows of $21.30. July/Dec corn strengthens to 1.05 3/4c after selling off to below 90c as new money came into the Dec. cr. July wheat/corn trades from 17c up to 39 1/2c. PALM OIL July ended lower down 62 ringgits /mt. Malaysia's end-April palm oil inventories rose to a five-month high, beating market estimates as production grew for a second consecutive month. Ending stocks increased 7.1% vs. the prev. month to 1.55 mmt, its highest since November. Malaysian Palm Oil Boar...
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.