THE OPEN July beans: 17 higher July meal: 3.30 higher July soyoil: 1.13 higher July corn: 3 1/2 higher July wheat: 7 lower The markets opened as expected with profit-taking initially. New buying is flowing into the Dec corn and Nov bean contracts, as open interest and higher prices creates more bull market activity, thus weakening the spread trade. Volumes are increasing as more countries return from holiday, and sharply higher overseas markets spilled over into this current session. Slightly more hedging was noted on the rallies, but it still seems like selling orders are over the market. The drought situation in the Midwest and in the Northern Plains and in Brazil underpins all p...
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.