SPREADS Sep. crush trades to 84.97c/bu while oilshare falls trades higher to 34.86%. Spreads are slightly weaker with the Aug/Nov inverse trading from 5c to 3c. Sep/Nov beans trades from 2-3 3/4c carry. Sep/Dec meal trades wider from $6.10 out to $6.70. Sep/Dec corn trades from 10 1/2c to 11c carry. Sep/Dec wheat spread widens out to 7 3/4c from 7 1/4c. The Sep wheat/corn spread trades from 2.13 1/2c down to 2.09c. PALM OIL October up 51 ringgits, tracking strong gains in Dalian palm. Palm oil gains as exports for palm are expected to have risen for the month of July. AmSpec Malaysia forecast July 2020 palm exports at 1.739 mln mt, vs. June at 1.629 mln mt. &nbs...
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.