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: 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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.