SPREADS Dec crush trades up to 91.20c/bu while oilshare trades higher to 45.55%. Dec/March trades from 7 1/2c to 8c, while Dec 21/22 trades from 24c inverse to 21 3/4. Dec wheat/corn trades from 1.92c to 1.87 3/4c. Dec /March wheat trades from 10 1/2c to 11c. Dec/March meal trades from 5.40 carry to $5.70. PALM OIL Dec. down 5 ringgits/mt. NEWS Stocks are down 140 pts. with crude oil at $73.66/barrel. The US dollar firms to 93.30. CALLS Calls are as follows: beans: 2-4 lower meal: .20-.60 lower soyoil: 5-10 pts lower corn: 2 1/2-3 1/2 lower wheat: 1-2 lower canola: 2.00-3.00 higher BUSINESS No announcements this AM TECHNICALS November Beans: Price...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap: Wheat stocks in Egypt are at good levels, with only limited import interest. However, there is some concern over the supply of wheat from the Black Sea later in the year due to current weather problem...
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.