SPREADS May crush trades to 69.25c/bu while oilshare trades to 37.37%. July/Nov beans trades down to 1.58c from 1.64c inverse, while May/July firms to 14c from 10 1/2c. July /Dec meal trades down to $37.20 inverse from $38.90. July/Dec corn inverse trades down to 56c from 58 1/2c, while May/July firms to 12c from 11 1/4c. July wheat/corn trades from 1.18 1/4c to 1.15c. PALM OIL May down 44 ringgits at 3,640 on ideas that inventories could rise due to a drop in exports and rising inventories. NEWS Stocks are down 32 pts with the US dollar firming to 91.39 and crude oil trading up to $61.06/barrel. CALLS Calls are as follows: beans: 3-5 lower meal: 2.20-2.80 lower soyoil: mixed/h...
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.