SPREADS July crush trades to 73c/bu while oilshare trades higher to 43.61%. July/Nov bean inverse bounces to 2.00c with a low of 1.84c. July/Dec meal trades from $22.50 down to $18.00. July/Dec corn trades from 1.18 3/4c down to 1.09c. July wheat /corn trades from 30c to 40c. PALM OIL Holiday NEWS Stocks are higher up 140 pts with crude oil trading up to $64.75/barrel, and the US dollar weaker at 90.38. CALLS Calls are as follows: beans: 13-15 higher meal: 6.40-$6.80 higher soyoil: 40-50 higher corn: 7-8 higher wheat: 19-20 higher canola: .70-1.00 higher BUSINESS USDA reports 1,360,000 mt of corn sold to China for 21/22 TECHNICALS July...
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.