SPREADS Dec crush is 88.65% with oilshare at 44.83%. Spreads are wider with Dec/March corn trading from 7 /34c to 8 1/2c carry, while Dec 21/Dec 22 trades from 23 1/2c to 18 1/4c. Dec/March wheat trades from 10 3/4c to 11c. Dec wheat/corn trades from 1.77 3/4c to 1.76c. Nov/Jan bean carry trades out to 8 1/2c to 9c. Nov 21/Nov 22 bean carry trades from 25c to 26 3/4c. Dec/March meal trades from $5.40 out to $5.70 carry. PALM OIL Dec. futures up 139 ringgit/mt to 4,331/ringgit/mt. NEWS Stocks are up 200 pts as China returns from holiday. Crude oil trades up to $71.80 with the US dollar at 93.29. CALLS Calls are as follow: beans: 3-5 higher meal: 50-.60 lower soyoil: ...
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.