SPREADS December crush pops up to 91c/bu while oilshare trades to 45.10%. Spreads firm with Dec/March corn narrowing into 8 1/2c from 9c carry. Dec wheat/corn trades from 1.74 1/c to 1.81 1/4c. Nov 21/Nov 22 inverse trades from 27c back to 31 3/4c. Nov/Jan bean spread trades into 8 1/4c carry from 8 3/4c. Dec/March meal trades from $4.50 to $4.80 carry. PALM OIL November up 20 ringgits/mt to close at 4,338 ringgit. Correction to this morning: For wheat, Sep. Stats Canada is out today as follows: canola: 12.782 mmt vs. 13.6 mmt production estimate all wheat: 21.715 mmt vs. 21.9 mmt estimate NEWS Stocks are down 50 pts as crude oil prices rise to $71.14 from the threat of the storm Nicholas making...
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.