SPREADS August crush atrades to 79.80c/bu while oilshare trades to 43.60%. July/Nov bean inverse firms from its lows of 1.63 1/4c to trades up to 1.72 1/2c. Key resistance for July/NOv is 2.00c. July/Dec meal trades down to $4.80 inverse from $7.90. July/Dec corn trades to a high of 1.18 1/4c from 1.11 1/2c, with a solid close. Sep/Dec corn inverse trades up to 28c from 25 1/4c. July wheat/corn trades from 7 1/2c from 18 1/4c. PALM OIL July ends 104 ringgits lower at 3,887 ringgit/mt. Palm oil fell following a weaker CBOT price, and weaker demand due to covid 19 lockdowns in India. NEWS Stocks are 130 pts higher with the US dollar trading down to 89.86, and crude oil up to $64...
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.