SPREADS May crush trades to new lows at 61c/bu while oilshare trades to new highs at 36.10%. July/Dec corn trades from 72c to 73 3/4c, while May/July inverse trades down to 9 1/2c from 10c. May/July wheat trades from an inverse high of 15c down to 12 1/4c. July wheat/corn trades from 1.10c to 1.15c. July/Nov beans trades from 1.73 1/4c to 1.80 1/2c, digesting recent gains. July/Dec meal inverse trade from $43.00 to $40.60. PALM OIL Reverses out of a new contract high to settle lower on the day. NEWS The Dow is up 30 pts with crude trading to $62.51/barrel, and the US dollar at 89.89 trade. CALLS Calls are as follows: beans: 11-14 higher meal: 4.00-4.50 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.