SPREADS March crush is slightly lower, trading to 1.05c/bu, while oilshare sees a bit of profit-taking trading back below 36.0% to 35.93%. Jan/March beans narrows into 10 1/2c from 11 3/4c, while March/May trades from 13 1/2c to 13 3/4c. Jan/March meal trades out to $4.40 from $4.20. March/May meal trades from $3.30 to $3.50. March wheat/corn trades from 1.58 1/2c to 1.62 1/2c. March/May corn trades from 6 1/4c to 6 1/2c. PALM OIL March palm closed up 40 ringgits. SGS forecast their estimate of palm oil exports for Dec 1/20 at 837,873, vs. 933,321 over the Nov 1/20 period. NEWS Stocks are at record highs again this morning, up 42 pts. Crude trades slightly we...
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.