SPREADS August oilshare is firmer again trading up to 46.29%. Crush trades to 97c/bu. Bull-spreads are firmer this morning. Nov/July beans bounce to 94c from 76 1/4c inverse, while Sep/Dec meal trades into $2.90 carry from $5.30. Sep/Dec corn inverse trades from 16 1/2c to 18 3/4c, while July/Dec corn inverse trades from 78 1/4c to 85 1/2c. Dec wheat/corn trades from 1.05c down to 98c. PALM OIL August up 208 ringgits. Malaysian palm oil exports through the first half of June are seen as down 4-6% from the prior month's period, and prices are more than 20% off the May highs. NEWS Stocks are up 30 pts while crude oil trades to a new high of $71.95/barrel. The US dollar trades to...
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
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.