SPREADS July crush trades to 83.30c/bu while oilshare is at 43.25%. July /Nov beans find support at 1.77c with a rally back to 1.83c. May/July bean inverse trends higher to 38 3/4c from 37 1/2c. July /Dec meal corn inverse has a current high at 1.24c, but the 1.15c level looks more like a level of support for a spread that could work higher. July wheat/corn trades from 45c down to 29 1/4c. PALM OIL July down 19 ringgits ending at 4,042 ringgit/mt. Indonesia Palm Oil Research forecast 2021 production at 55.69 mmt, up 7.1% over year ago. Better weather conditions would help production this season, according to the research dept. NEWS Stocks are down 100 pts with crude oil values rising to $65.84/...
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.