SPREADS Oct. crush trades to 92.80c/bu while oilshare declines to 34.88%. Corn spreads are slightly weaker with Dec/Dec trading from 33 1/4c out to 34 3/4c. Dec/March corn trades from 11c to 11 3/4c. Sep/Dec wheat trades from 1.72c up to 1.75c. Sep/Dec meal traded from $6.30 to $6.60. Sep/Nov beans trade from 2 1/2c to 3c. Nov/Jan beans trades from 4 3/4c to 5 1/4c. PALM OIL October down 28 ringgits, closing 2.5% lower on concerns over a plunge in August exports. July palm oil imports by India were 824,078 mt, up 1.4% from year ago. NEWS Stocks are down 80 pts, with crude oil at $41.77/barrel low, and the US dollar trading down to 93.15. US productivity rose at a 7.3% r...
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.