SPREADS October crush trades firmer to 1.10c/bu while oilshare trades firmer at 32.72%. Corn spreads are firmer with Dec/March trading into 11 3/4c from 12 1/4c. Dec 19/20 corn trades from 35 1/4c new lows into 33 1/4c. Nov/Jan beans narrow into 13 3/4c while Dec/March meal trades into $4.20 from $4.40. PALM OIL Malaysian palm oil rose to 6-month highs as Sep. production is in question. August 1-20 Malaysian palm oil exports are estimated to be up 6-8 percent from the prev. month period. NEWS Stocks are higher, trading up 50 pts., while jobless claims decreased last week down 12,000 to 209,000 for the week ending Aug. 17, as reported by the Labor Dept. REPORTS Export sales:...
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.