SPREADS Oct. crush trades to 92.58c/bu while oilshare trades to 34.90%. Sep/Dec corn spreads remain extremely active with large volumes. Sep/Dec corn trades into a new contract low of 15c, while Dec/March trades out to 12 3/4c to 12 1/2c. Have to go back to early June to see spreads trade this weak. Dec/Dec corn trades out to 35 3/4c. Sep/Nov bean trades into 1 1/2c from 2 1/4c, while Nov/Jan trades from 6c to 6 1/2c carry. Dec wheat/corn trades from 1.83 1/4c down to 1.77 1/2c. PALM OIL Oct. up 28 ringgits, up 1.8%. Indonesia's finance ministry stated they may increase palm oil export taxes in the future, as a means to support the country's biodiesel program. Taxes collected on...
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.