SPREADS Sep. crush trades to 76.68/barrel while oilshare moves up to 32.87% on soyoil strength. Could look for further oilshare strength today, and move back over 33.0%. Sep/Dec corn narrows into 8 1/2c from 9c, while Sep/Dec wheat trades into 6c from 7c. Sep wheat/corn trades from 1.53 1/4c up to 1.56 1/4c. August / Nov beans narrows into 4 1/2c carry from 5 3/4c. Sep/Dec meal trades from $5.20 to $5.50. PALM OIL Sep. palm oil traded 49 ringgits higher. Palm oil rallies to two-week highs following the strong path of soyoil futures yesterday. NEWS Stocks are up 23 pts as the market continues to assess the pace of new Covid-19 cases globally. Crude oil prices trade...
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.