Dec 24 Corn closed at $4.1375/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.705/bushel, up $0.1175 from yesterday's close. Nov 24 Soybeans closed at $9.6525/bushel, down $0.0875 from yesterday's close. Dec 24 Soymeal closed at $301.8/short ton, down $3 from yesterday's close. Dec 24 Soyoil closed at 42.8 cents/lb up 0.11 cents from yesterday's close. Dec 24 Live Cattle closed at $187.95/cwt down $1.325 from yesterday's close. Jan 25 Feeder Cattle closed at $244.025/cwt down $2.925 from yesterday's close. Dec 24 Lean Hogs closed at $82.825/cwt up $2.2 from yesterday's close. Dec 24 WTI Crude Oil closed at $67.19/barrel down $0.19 from yesterday's close. ...
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.