SPREADS May crush trades firmer to 64.43c/bu while oilshare trades higher to 37.41%. July/Nov bean inverses firm again up to 1.70 3/4c from 1.67c, while May/July congests from 15 1/2c up to 17 1/2c. July/Dec meal trades from $38.90 to $39.80. July/Dec corn trades from 48 1/4c to 50 1/2c, while May/July weakens from 12 1/4c down to 10 1/2c. PALM OIL May closed up 47 ringgits to 3,725 ringgit/mt NEWS Stocks have moved higher up 49 pts from lower. Crude oil prices move up to $62.70/barrel with the US dollar trading up to 91.21. CALLS Calls are as follows: beans: 5-7 higher meal: 1.30-1.80 higher soyoil: 40-50 higher corn: 2 1/2-3 lower wheat: 3 1/2-5 lower BUSINESS...
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.