SPREADS Sep. crush trades to 74.85c while oilshare trade back under 34.0% to 33.81% this Am. Corn spreads weaken a bit. THere is a negative seasonal for the Sep/Dec corn spread, with producer movement seeing the spread move out to 8 3/4c from 7 1/2c. Sep/Dec wheat trades from 5 1/4c to 5 1/2c. Nearby bean spreads weaken a bit but only after posting new highs with Aug/Nov at 6 1/4c from 5 3/4c inverse. SEp/Nov trades from 3/4c inverse to 1/4c. Sep. wheat/corn trades from 2.05c to 2.07 3/4c, with a recent high closer to 2.23c. PALM OIL October palm up 69 ringgits. Malaysian palm oil rose to a five-month high due to an expectation for a drop in production due to heavy rains and better ex...
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.