SPREADS July crush trades up to 1.19c/bu while oilshare trades higher to 29.93%. Corn spreads are weaker with July/Dec trading from 12 1/4c out to 13 1/4c. May/July corn trades from 5 3/4c to 6 1/4c. Bull-spreading continues for beans with July/Nov consolidating its inverse from 7c up to 10 1/2c. July/Dec meal inverses remain strong with a $10.80 higher from $8.20. May/July Chicago wheat inverse firms to 16 1/4c from 11 1/4c. PALM OIL June up 59 ringgits, and cash up $10/mt. NEWS Outside markets continue to show weaker crude with a new low of $19.92/barrel, and firmer US dollar at 99.04 from 98.28. Crude oil prices remain in chartered territory as the US announces new travel r...
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.