THE OPEN Nov beans: 2 higher Dec meal: 2.00 higher Dec soyoil: 50 lower Dec corn: 1/2 lower Dec wheat: 1 lower The markets opened as called but corn prices turned higher as new money flows seemed to head into commodities on the back of comments from Goldman Sachs, saying that crude oil could target higher values close to $90/barrel. The buy wheat/sell corn spread trade saw an adjustment which also fed into the corn rally. Soyoil futures traded both sides unchanged, recovering nicely from morning losses as oilshare found support. Inspections at 10:00 are as follows: corn: 517,539 mt vs. 403,422 mt week ago beans: 440,742 mt vs. 227,297 mt week ago wheat: ...
What You Need to Know Today: The latest EIA Short-Term Energy Outlook forecast 2027 U.S. WTI crude oil at $65.39/brl, up about $5 from the prior forecast. President Trump late Monday claimed the U.S. has swept the entire Strait of Hormuz (SOH) for sea mines. Iran’s security council said...
Key Takeaways: Soymeal with 44 percent protein generally contains more soybean hulls and fiber, while 48 percent soymeal is more extensively dehulled, resulting in higher protein concentration and lower fiber. CBOT soymeal futures were lowered from a 48 percent to 47.5 percent protein specific...
The trade deficit contracted slightly to $73.3 billion in June, a break from the volatility that has underscored international trade over the past year. Despite the small change, there was plenty of activity behind the scenes: imports fell $7.3 billion, led by crude oil, reflecting cheaper crud...
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.