SPREADS July crush trades to 83.21c/bu, while oilshare trades to 30.19%. Jul/Dec corn weakens back out to 15 1/4c from 13 1/2c, and levels that were out to 17c in prev. weeks. May/July corn trades from 7c to 7 3/4c. July/Nov beans trades out to 5c from 2 1/4c. Jul/Dec meal weakens from $2.20 out to $3.40. July wheat/corn trades from 2.10 1/2c down to 2.04 1/2c. May/July meal trades from $4.70 to $5.50. July/Dec that widens out to 11 1/4c from 9 1/4c. PALM OIL June cash offers for RBD palm oil and olein fell $15, ending the day at $515.00/mt and $517.50/mt, respectively. Intertek reportedly pegged Malaysian palm oil product exports for the April 1-25 period at 965,025 mt NEWS Main fe...
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.