SPREADS Dec. crush trades to 1.27c/b while oilshare trades to 30.16%. Dec/March corn trades from 4 3/4c carry out to 5 1/2c. Dec/Dec corn inverse is from 9c down to 6 1/4c. Dec/March wheat trades from 2 1/4c inverse to 3/4c, while Dec/July trades from 20 3/4c down to 14 3/4c. The Jan/March bean spread trades from an inverse of 12 1/2c down to 10 1/4c. Dec/March meal trades from a $15.70 inverse down to $14.70. PALM OIL Dec. up 84 ringgits, with cash up $12.50 for palm and olein. AmSpec estimated exports over Oct. 1-20 at 1.084 mmt vs. 1.040 mmt for Sep. 1-20. NEWS Stocks are up 120 pts in quiet trade, while crude oil trades to $40.98/barrel. The US dollar trades down to 93.15...
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.