SPREADS Dec crush trades to 96c/bu while oilshare trades to 45.72%. Corn spreads are firmer across the board. Dec/March corn trades into 7 1/4c from 8c, while Dec 21/22 corn inverse trades from 18c up to 23 1/2. Dec wheat/corn spread trades from 1.72 3/4c up to 1.79 1/2c. Nov 21/Nov 22 inverse trades from 25 3/4c to 29 1/4c. Nov/Jan bean spread trades from 8 3/4c out to 9 1/4c. Dec/March meal trades from 5.00 to $5.40 carry. PALM OIL Nov. up 98 ringgits ending at 4,438 ringgit/mt. NEWS Stocks have been trading both sides of even with crude up to $71.73/barrel and the US dollar down to 92.42. CALLS Calls are as follows: beans: 8-10 higher meal...
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.