SPREADS August crush trades to 81c/bu while oilshare trades at 46.76%. July/Nov bean spreads firms off lows of 1.17 1/4c, with an inverse high at 1.25 3/4c. July/Dec meal trades from an inverse out to a $5.40 carry from $4.40. July/Dec corn inverse leaks down to 68c from 77 1/2c, while Sep/Dec inverse falls to 16 1/2c from 18 1/4c. July/Dec wheat trades from 13 3/4c to 14 1/2c carry. July wheat/corn trades from 1 1/4c to 9 3/4c. PALM OIL August closed down 88 ringgits ending at 4,041 ringgit/mt, headed for its largest drop in two weeks on concerns about lower exports and a rise in production. NEWS Stocks are trading both sides of even, but trending slightly lower into the first part of the trad...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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.