SPREADS Spreads leak lower in the aftermath of the report. July/Nov bean inverse trades down to 1.59c from 1.66c, while May /July inverse trades down to 13 1/4c from 15 1/4c. July/Dec meal inverse trades to $32.50 from $34.10. July/Dec corn falls to 44 1/2c from 50 1/2c, while May/July trades from 11 1/4c down to 10 1/2c. May wheat/corn trades from 1.12 1/2c down to 1.10c. May crush trades up to 70c/bu while oilshare is firm at 39.10%. PALM OIL May closed up 60 ringgits, at 13-year highs. The Malaysian Palm Oil Board forecast ending stocks in Feb at 1.3 mmt, down 1.8% from the prev. month, vs. expectations for higher inventories of 1.42 mmt. The group estimated Feb. production of palm at 1.11 mmt...
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.