SPREADS May crush trades to 63.11c/bu, while oilshare trades to 34.33%. THe corn inverses post new contract highs with July/Dec at 93 3/4c and May/July at 10 3/4c. The inverses remain strong and suggests further highs are ahead. March/May beans trades from 2 3/4c inverse to 1 1/2c. March/May meal trades from $2.40 inverse down to $1.70. March wheat/corn trades from 1.06c up to 1.12 1/2c. PALM OIL April up 101 ringgits to close at 3,489. NEWS Stocks are 144 pts lower with US consumer spending falling 0.2% in Dec. though a 0.6% rise in household incomes could prime the economy for growth this year. Crude trades up to $52.93/barrel, and the US dollar trades down to 90.39. CALLS...
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.