SPREADS Sep. crush trades to 72.56c/bu while oilshare trades up to 33.0%. Would look for soyoil to continue to gain on meal today. Sep/Dec corn spread is firer trading into 7 1/2c while Sep/Dec. wheat narrows into 6c from 6 3/4c. Sep wheat /corn trades from 1.97c to 1.98 3/4c. August / Nov beans strengthens to 1/4c to 1 3/4c carry, with the possibility of seeing an inverse for this market. Sep/NOv trades into 3 1/2c from 4c. PALM OIL Sep. palm oil up 71 ringgits. NEWS Stocks are steady to higher, trading up 66 pts. The US dollar weakens to 96.36 while crude trades down to $39.07/barrel. CALLS Calls are firmer across the board: beans: 1 1/2-3 higher meal: .80- 1.00 higher...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.