SPREADS Sep. crush trades to 1.26c/bu while oilshare trades down to 46.76%. Sep/Dec corn trades either side of even, 3/4c inverse to 1/2c carry, while Dec/March corn trades from 7 3/4c to 8 1/4c. Sep/Dec meal trades into 1.60c from $2.40c. Sep/Dec wheat trades from 11 1/4c to 11 3/4c. DEc wheat /corn is back to its high of 1.85c from 1.79c. August/Nov beans inverse hits a high of 78 1/2c from 77c, while Sep/Nov trades from 8c from 6 3/4c. PALM OIL October down 78 ringgits/mt ending at 4,213. Ending stocks for the end of July were the highest in 10 months, as a drop in exports offset a decline in production, as reported by a Reuter's survey. Inventories are seen rising for a fifth mont...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
Corn Argentina Argentina's corn harvest continued to advance at a moderate-to-slow pace, constrained by high moisture levels in both the grain and the fields. Harvest delays remain concentrated in the remaining early-planted corn in central and southern Buenos Aires. To date, harvesting has rea...
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.