SPREADS Dec crush falls to 70c/bu, new ctr lows, on slower meal demand. Oilshare firms to 33.24% after dropping to 32.55% last week. Dec/March corn trades from 10 3/4c to 11 3/4c, with Dec 19/Dec 20 trading into 13 1/2c from 17 1/4c. Nov/Jan beans trades to 13 3/4c to 14 1/4c as November rolls continue. Meal spreads continue weak with Dec/March trading out to 6.70 from $6.50. PALM OIL Dec palm oil closed 7 ringgits highs. Indonesia Palm Oil Association estimated August exports at 2.89 mmt of palm and biodiesel, compared to 2.92 mmt in July, and 3.30 mmt yr ago. Order flow continues weak with import parities for China and Indonesia $10-$20 in the red, but analysts see more bullish opti...
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.