SPREADS August crush trades to 77c/bu while oilshare trades to 44.83%. Bean bull spreads are firmer with Jly/Nov trading up to 1.69c from 1.61c. July/Dec meal trades down to $1.20 inverse from $2.80, slide into carry? Sep/Dec corn trades from 28c to 26c, while July/Dec trades from 1.11 3/4c from 1.05c. July wheat/corn trades from 29 1/2c down to 26 3/4c. PALM OIL Closed for holiday. NEWS The Dow is up 50 pts with crude trading to $65.25/barrel, and the US dollar trading up to 89.58. CALLS Calls are as follows: beans: 3-5 lower meal: 2.40-2.80 lower soyoil: 3-5 lower corn: mixed, but July corn up 2 1/2-3 wheat: 4-6 lower canola: 5.80-6.00 l...
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.