SPREADS March crush trades to 75.34c/bu while oilshare trades down to monthly lows at 31.47%. The corn inverse post report remains strong with new highs of 77 1/2c from 63 3/4c, and from overall lows of 48c on a recent sell-off. March/May corn trades from 2c inverse from a 3 1/4c carry, as farmers may have hedged some bushels on this price strength. March/May wheat trades from 1/4c to 3/4c carry. March wheat/corn trades from 1.43 1/2c down to 1.32 1/4c. March/May meal trades to an inverse high at $7.90 from $6.10. Open interest in corn yesterday was 17,000 contracts higher for the May contract, and 11,000 contracts higher for corn. NEWS Stocks were 70 pts higher in the early going, but are now down 17...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.