SPREADS Dec. crush trades to 1.17/bu while oilshare trades down to 31.24%. Corn spreads continue strong with Dec/Dec now inverting to 4c from 2c, and from a carry. Dec/March corn narrows into 5 1/4c from 6c. Nov/Jan beans trade from 1/4c from 1c carry, while Jan/March trades from 15 3/4c inverse down to 13 1/2c. Dec wheat/corn trades from 2.02 1/4c to 2.07c. Dec/March meal trades from an inverse of $11.40 up to $13.10. PALM OIL Dec. palm oil down 75 ringgits ending at 2,914 ringgit/mt. NEWS Stocks are 308 pts lower as US jobless claims rise to 898K as the economy continues to struggle. The continuing rise of the virus across countries and the lack of a stimulus package create...
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.