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: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.