SPREADS We continue to see positive crush margins in the US, with August at 99c/bu and Sep. at 1.31c/bu. August oilshare trades to 47.70% and Sep. is at 47.25%. Sep/Dec meal trades from $3.40 carry out to $3.90. August/Nov bean inverse trades from a low of 49 1/4c up to 54 1/4c, while Sep/Nov trades from 7c inverse down to 2 3/4c. Sep/Dec corn inverse trades from 3 1/2c to 4 3/4c, while Dec/March carry trades from 7 1/4c to 7 1/2c. Sep/Dec wheat trades from 9c to 9 1/4c carry, new lows. Dec wheat/corn trades from 1.34 1/4c to 1.43 1/2c. PALM OIL Oct. palm closed up 134 ringgits/mt, up 3% for a fifth consecutive weekly gain, supported by strong demand from India and a cut in domestic export tax re...
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.