SPREADS August crush trades to 90.84/cub while oilshare firms to 44.18% from values starting this week at 43.35%. Inverses are firmer with August /Nov beans trading up to 55 3/4c from 50c. Sep/Dec corn inverse trades from 13c up to 16 1/2c. Sep/Dec meal carry narrows into $1.50 from $2.50, and from values that were out to $12.00 on the break. Dec wheat/corn trades from 1.17 1/4c up to 1.25c. Dec/March wheat trades from 6c to 6 1/2c carry. PALM OIL Started the night higher following soyoil but ended about unchanged with Sep. closing down 1 ringgit, or 0.03% at 3,390/ringgits. Indonesia announced Monday that they would change the levy structure for palm oil exports, cutting the ceiling rate for crude pal...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.