SPREADS October crush trades to 93.27c/bu while oilshare slides to 34.53%. Sep/Dec corn continues to weaken trading out to 15c from 14 3/4c carry, while Dec/Dec widens back out to 34 3/4c from 34 1/2c. Sep/Nov beans are close to inverting with prices trading from a 1c carry out to 1 3/4c. Wheat spreads continue wide with Sep/Dec from 9 1/2c to 10c. Dec wheat/corn trades from 1.77 1/c up to 1.83 1/4c. Dec wheat/corn trades from 1.82 3/4c to 1.85c. PALM OIL Holiday NEWS Stocks are 90 pts lower with crude oil prices trading down to $42.22/barrel, and the US dollar higher to 93.19. CALLS Calls today are as follows: beans: 4-6 lower meal: 1.80-2.00 lower soyoil: 35-40 lower c...
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.