SPREADS July crush trades to 84c/bu while oilshare trades higher to 42.25%. Spreads remain strong with July/Nov beans closing at the highs of 1.95 1/2c inverse, though May/July trades from 49c down to 39c as we head into first notice day. July/Dec corn inverse remains firm trading from 92 1/4c from 1.05c, and values that reached 1.09c yesterday. May/July corn inverse trades down to 42 1/4c from 48 3/4c. July/Dec meal trades from $21.90 inverse down to $20.20. July wheat/corn trades from 79 1/4c to 76c. PALM OIL Holiday NEWS Stocks are up 140 pts. as jobless claims dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March, and another sign of recovery. Crude oil climbs...
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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.