SPREADS August crush trades to 86.98c/bu while oilshare trades to 46.44%. The official index roll begins today and spreads are weaker. July/Nov bean inverse trades down to 1.39 1/4c from 1.48 1/4c, while July/Dec meal trades from $2.10 inverse to even. July/Dec corn inverse trades down to 84 1/4c from 93c, while Sep/Dec trades from 16c down to 12 3/4c. July/Sep inverse is at a new 4 wk low at 70 3/4c. July /Dec wheat trades from 10 3/4c to 12 1/2c carry. PALM OIL - Holiday NEWS The stock market is up 70 pts with crude trading to a high of $70/barrel, and the US dollar at 90.30. CALLS Calls are as follows: beans: 29-33 higher meal: 4.80-5.50 higher soyoil:...
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.