SPREADS May crush trades lower to 57.98c/bu while oilshare trades to 38.47%. July/Dec bean inverse trades up to 1.79 1/4c but closes at 1.71c with a 1.69c low, with May/July trading from 18c to 15 1/4c. July/Dec meal inverse remains weak, trading down to $33.40 from $38.30. July/Dec corn congests from 52 1/2c to 58 1/2c, while May/July trades to 11 /2c from 13 1/4c. PALM OIL May up 142 ringgits ending at 3.883 ringgit/mt. The sharp rise in vegoil prices were attributed to attacks on Saudi oil installation facilities. NEWS The stock market is 50 pts lower with the passage of a stimulus bill factoring in all the good news, and the fear of rising interest rates is at work. The US dolla...
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.