SPREADS March crush trades at 1.05c/bu while oilshare hits new highs at 36.91%. July/Dec corn trades from 3/4c to 2c carry, while March/May trades out to 7c from 6 1/2c. March/May meal trades from $3.60 to $3.90. March/May wheat trades from 2c to 2 3/4c. PALM OIL March up 55 ringgits, and cash up $17.50/mt. India continues to consume in the market, which is adding to higher prices and paving the way for new ctr highs for soyoil futures. NEWS Crude oil is strong trading to new highs at $62.18/barrel. The US dollar weakens to 96.73. Stocks are 24 points higher. CALLS Calls today are as follows: beans: 7-9 higher meal: 1.80-2.20 higher soyol: 3...
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.