World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Not all Turnaround

SPREADS Dec. crush trades 1.11c/bu while oilshare trades to 32.18% , popping back over the 32.0% level.  Dec/Dec corn spreads are still firm trading from 2 1/4c to 5 1/4c, while the Dec/March spread trades from 7 1/2c to 8c carry.  Nov/Jan bean loses its inverse moving out to 3 1/2c carry today from 3c.  Jan/March bean inverse is also losing some of its strength as harvest rolls along trading down to 9 1/2c from 11 1/4c, and 29c report highs.  Dec/March wheat trades from 2.12 1/2c down to 2.06 1/2c.  Dec/March wheat inverse trades down to $7.50 from $9.30.  PALM OIL Dec. closed higher, (up 9 ringgits), for the seventh straight session as top producer Indonesia warmed of the La Nina weather pattern which is i...

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feed-grains soy-oilseeds wheat

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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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