World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Direction Remains Higher

SPREADS Jan crush trades to 1.17c/bu, lower than in recent days but still positive.  Jan oilshare trades to 31.69%.  Dec/March corn spreads remain active trading out to 7 3/4c today from 7 1/4c.  Dec/Dec corn inverts to a 13c high from 9 3/4c.  Dec/March wheat trades from 7 3/4c carry to 8c.  Nov/Jan spread trades out to 8 1/2c carry from 7 3/4c on more deliveries.  Jan/March inverse trades from 3 1/2c down to 2c. Dec wheat/corn trades from 1.89c to 1.87c.  PALM OIL Jan settles at 3256 ringgits.  Malaysia's Oct. inventories hit their lowest level since June 2017, contracting from 8.6% from month ago to 1.57 mmt, according to the regulator of the Malaysian Palm Oil Board (MPOB). DELIVERIES Nov bea...

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feed-grains soy-oilseeds wheat

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soy-oilseeds

U.S. Soybean Crush Margin Outlook

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feed-grains soy-oilseeds wheat

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soy-oilseeds

U.S. Soybean Crush Margin Outlook

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.855/bushel, up $0.015 from yesterday's close.  Jul 25 Wheat closed at $5.45/bushel, up $0.005 from yesterday's close.  Jul 25 Soybeans closed at $10.5925/bushel, down $0.0275 from yesterday's close.  Jul 25 Soymeal closed at $298.5/short ton, up $1.8 from...

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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.

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