SPREADS Sep. crush trades higher to 89.51c/bu while oilshare trades over 35.0% to new highs of 35.30%. Sep/Nov beans trades from 2 3/4c to 3 3/4c carry. Sep/Dec corn trades from 10 3/4c to 11c. Sep/Dec meal trades from $6.00 to $6.40 carry. Wheat spreads are wider, with Sep/Dec trading from 7 3/4c out to 8 1/4c. PALM OIL Oct. up 37 ringgits on expectations for lower July production and inventories. Palm touched its highest level since Feb. 10. Strong palm oil prices continue to support soyoil futures. NEWS The Dow is off 59 pts in early trade as crude oil congests around $40/barrel. The US dollar trades down to 93.27. CALLS Calls today are as follow...
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.