SPREADS October crush trades at 1.08c/bu while oilshare is a firmer trading to 32.79 percent. Bean spreads remain wide with Nov/Jan trading out to 14 3/4c from 14 1/4c. Dec/March meal trades from $4.50 to $4.60. Dec 19/Dec 20 corn remains weak trading out to lows at 37c, but closing at 35c as traders book profits. Dec wheat/corn trades from 1.10c from 1.04 1/4c. PALM OIL October up 3 ringgits - SGS estimated palm oil exports for the Aug. 1-25 period at 1.365 mmt, up 18.0 percent vs. year ago. NEWS The Dow is up over 190 points responding to more positive developments from the G-27 meeting and headlines of a cut-back in trade escalations between the US/China. The US dollar trades higher, up to 97.99 w...
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.