SPREADS August crush trades to 81c/bu while oil share trades to 43.51%. Bean inverses are weaker with July/Nov trading down to 1.60c from 1.65 3/4. July /Dec meal inverse trades down to $5.60 from $7.60, and from values that were $20.00. July/Dec corn trades down to 1.09 3/4c from 1.14 1/4c, while Sep/Dec inverse trades from 25 1/4c to PALM OIL Closed 119 pts lower for August. NEWS Stocks were up 130 pts with crude oil prices trading up to $63.35/barrel, and the US dollar at 89.65. CALLS Calls are as follows: beans: 8-10 lower meal: 80-1.00 lower soyoil: 55-60 lower corn: 4-6 lower wheat: 5-7 lower canola: 6.00-$7.00 lower BUSINESS No bu...
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.