SPREADS Dec oilshare trades to 45.20% while crush trades up to 89.85c. Dec/March corn narrows into 7 1/4c from 7 1/2c. Dec 21/22 trades from 24 1/2c inverse down to 22 3/4c. Nov/Jan bean carry trades from 8 3/4c out to 9 1/2c, while the Nov 21/22 trades from 36 1/4c inverse down to 31 3/4c. Dec/March wheat trades from 10c to 10 1/2c carry. Dec wheat/corn trades from 1.81 1/2c up to 1.86 1/2c. PALM OIL Dec. up 122 ringgits to close at 4,452 ringgit/mt. NEWS Stocks are 240 pts higher with crude trading to $72.54/barrel, and the US dollar trading down to 93.09. CALLS Calls are as follows: beans: 3-5 higher meal: .80-.90 lower soyoil: 40-50 pts higher corn: ...
What You Need to Know Today: Corn and soybeans were under heavy selling pressure as weaker (or at least as-expected) export demand runs into an accelerating harvest pace with more grain available in the spot market. Corn and soybean harvest progress remains below average across the U.S., espec...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
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.