SPREADS Sep. crush firms to 86.52c/bu, while oilshare is back below 34.0% to trade down to 33.79%. Sep/Dec corn trades out to 11c from 10 3/4c. Sep/Dec wheat trades from from 6 1/4c out to 6 1/2c. August/Nov bean inverse falls to 3 3/4c from 5c, and vs. an 11c inverse. Sep wheat /corn trades from 2.14 3/4c up to 2.17 1/2c. PALM OIL Holiday NEWS Stocks are 48 pts higher with crude oil firmer at $40.55/barrel. Futures have been congesting tightly around the $40/barrel level. The fan-favorite trade continues, that is to buy gold, (which trades to $1981.10/oz), and sell the US dollar, (which trades to 92.54). CALLS Calls today are as follows: beans: 2 1/2-3 1/2 higher meal:&nb...
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.