SPREADS Jan crush trades to 1.26c/bu while oilshare is at 31.33%. Dec/March trade trades from 5c carry out to 5 3/4c, while Dec/Dec inverse trades from 14c to 12c. Dec/March wheat trades from 3 3/4c to 4 1/2c carry. Jan/March bean inverse falls to 4 3/4c from 5 3/4c as business announcements from China remain quiet. Dec wheat/corn trades from 1.97 1/2c to 2.04c. PALM OIL Jan down 33 ringgits. Palm exports in 2020 are projected to increase by 5.6% on higher demand from India, China, and the Netherlands. Exports are supported by exemptions on crude palm oil export duties from July through December 2020. NEWS The stock market recovers from earlier 200 pt losses to trade both sides of u...
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.