SPREADS July crush trades to 75.17c/bu while oilshare trades to 31.25%. Corn spreads weaken this AM with July /Dec trading back out to 16 1/2c from 15 3/4c. July /Dec wheat trades from 13c to 13 3/4c. July/Dec meal trades from $5.60 out to $5.90. July wheat/corn trades from 1.97 3/4c down to 1.93 3/4c. PALM OIL June cash offers were down $5/mt at $510.00/mt and $512.50/mt, respectively. The Malaysian Palm Oil Board reported stockpiles climbed 18% to 2.05 mln tons from 1.73 mln tons a month ago, which is the highest level since November. Production surged 18% to 1.65 mln tons. NEWS Stocks are up 114 pts with crude oil trading to $25.64/barrel. The US dollar trades down to 99.78...
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.