SPREADS Sep. crush slides to 70c/bu while oilshare trades at 33.30%. Bean spreads remain very strong. August/Nov bean inverse strengthens to 4 1/2c from 3 1/2c, while Sep/Nov narrows into 1 3/4c from 2 1/4c. Sep/Dec corn narrows into 7 1/2c from 7 3/4c. Sep/Dec wheat trades into 2 1/2c from 3 3/4c. Sep wheat/corn trades up to 2.23 1/2c from 2.17 1/2c. PALM OIL Sep. down 12 ringgits after hitting its highest level since Feb. 24, citing poor sales to India. NEWS Stocks are lower down 180 pts with the US dollar trading top 96.32. CALLS Calls are as follows: beans: 4-5 1/2 higher meal: 1.40-1.80 higher soyoil: mixed corn...
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.