GOOD MORNING, The report has come and gone, and in its wake set the trend for higher oilshare and higher beans vs corn. The bullish wheat report set the stage for a short-covering rally, and perhaps new bulls in the mix. Bull-spreads were evident as prices rallied after the release of the numbers. With yesterday's buying, funds are likely long 80K beans, 200K corn, 24K meal, and 55K soyoil. Funds are even to slightly short wheat. The numbers leaned a bit bearish for beans and corn. In the report, Chinese bean imports were lowered by 2 mmt to 98 mmt. In the new crop, Chinese imports were lowered by 1 mmt to 103 mmt, while Argentina's crush was raised by 500 kmt to 43.0 mmt and ending stocks increas...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.